I was listening to the BBC this morning and their correspondent argued
that if the Dem leadership would have fully whipped the bill, it would
have passed, but they saw that the Republicans weren't going to go for
it and the Dems weren't going to take the fall alone.

I'm not sure how much I really believe this. The first rule of the
leadership is not to make vulnerable members walk the plank. There was
a high correlation in both parties between supporting the bailout and
having a safe seat.

But suppose it's true. What would that say about the true beliefs of
the leadership about the bill? Wouldn't it suggest that they know it's
bs? That they're just doing this because finance capital demands it,
not because they believe that it is necessary and sufficient to
address a crisis?

Pelosi's speech on the floor got a lot of attention because the Rs
blamed her "partisanship." But what I heard in that speech was a
denunciation of the bailout - ie, the very bill that she was
supporting. (This is a pattern for Pelosi - in 1998, supporting the
bailout of the IMF, she said something to the effect of, "These
institutions need to be totally reformed. Maybe they need to be shut
down. But right now we need to give them 18 billion dollars.")

If it were truly an emergency, they could work on Rosh Hashana. During
the peace talks with Egypt, Begin flew on the Sabbath. He made a big
show of getting permission from the Rabbis. In Jewish law you can
break any commandment to save a human life. If it were truly an
emergency, they could have got some Rabbis to say that they should
work on Rosh Hashana. After all, most markets in the world remain
open, so if it is really an emergency....


-- 
Robert Naiman
Just Foreign Policy
www.justforeignpolicy.org
[EMAIL PROTECTED]

Ambassador Pickering on Iran Talks and Multinational Enrichment
http://youtube.com/watch?v=kGZFrFxVg8A
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