Here’s a nugget from Rep. Brad Sherman (D-CA 27), in a floor speech made yesterday just after 7pm CDT: Transcript: Many of us were told in private conversations that if we voted against this bill, on Monday, the sky would fall, the market would drop two or three thousand points in the first day, another couple thousand the second day, and a few members were | Read More »
Update-10/1@1500CDT: A Senate contact just emailed to correct my use of the term “tax earmarks” to describe the tax extenders in the Senate legislation. Brian Johnson of Americans for Tax Reform has a good post below explaining why that term is a misnomer, saying in part: Calling tax cuts “earmarks” is very unhelpful and completely wrong from a fiscal conservative perspective. There is no such | Read More »
At 7:30PM Wednesday, the Senate will hold roll call votes on six amendments and pieces of legislation. Those items are as follows: Motion to concur on the House message, HR 2095, Rail Safety Dorgan amendment relating to HR 7081, the US-India Nuclear agreement Bingaman amendment relating to HR 7081, the US-India Nuclear agreement Passage of HR 7081, the US-India Nuclear agreement Dodd amendment to HR | Read More »
Today, Barack Obama broke his silence on the mortgage bailout long enough to publicly decry the “staggering price tag” of $700 billion. Pardon me if I scratch my head at his choice of terminology, considering Mr. Obama has proposed over $1.4 Trillion in new spending programs should he win the White House this November. If the $700,000,000,000.00 price tag on the treasury bailout is “staggering” | Read More »
Earlier this week, I suggested that, if he really is in possession of superior knowledge and a foolproof plan to pull America’s financial system out of its current deepening hole, Barack Obama should put his money where his mouth is, show up in the U.S. Senate (where he’s currently being paid to be), and propose that plan in the form of legislation. Unsurprisingly, he didn’t | Read More »
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