Thursday, January 29, 2009

 

Quote of Note: John Boehner

“The consequences of our not acting are overwhelming.”

House Republican Leader John Boehner (R-Ohio), September 29, 2008, referring to Bailout 1.0 [source]. Contrast this with Boehner's instigation of House Republicans on Bailout 2.0 yesterday -- not a single Republican voted in favor. The bill passed the House 244-188. Here's to consequences.

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Comments:
In this case, the Republicans were actually right. The broadband provisions of the bill, in particular, are faulty. See

http://www.brettglass.com/bbstim

for a detailed analysis that explains why.
 
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