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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (92324)	10/28/2008 7:30:34 PM
From: Sam	Respond to of 541684

Steve, an important part of the perfect storm is the election cycle. Members of Congress are focused on that, for better or worse. I'm sure they think (hope) that they can unwind whatever disasters Bush can manage to do in the next few months. They also figure that they have no choice--Republicans in the Senate can stop pretty much anything they try that would be serious. No one really has a grip on the magnitude of this crisis, and no one wants to act hastily and do the "wrong" thing. They can blame Bush for any steps that turn out to be wrong right now. I'm not defending it, but it is a weakness of our system. Transition points always mark a point of high vulnerability to mischief.

To: Steve Lokness who wrote (92324)	10/28/2008 7:42:11 PM
From: JohnM	Respond to of 541684

Steve, Either the NYTimes or the WSJ had a longish piece in the past couple of days on what congress plans. The Dems are considering a joint congressional committee (a rare occurrence) to come up with plans for the financial sector. The advantage is that it might be able to bypass some godawful number of committees that have jurisdiction over one part or another of the financial sector. The downside is that it can't be done until after the election when the new congress convenes.