Political BLOG |
|
Joe Arnold
|
« Conway Sues Over "Street Time Credit" Release Program |
Main
| Vet Used In McConnell Ad Says Words Misused »
It appears Mitch McConnell will be forced to make a politically tough vote on the floor of the U.S. Senate today. Senators are planning to vote on their version of the $700 billion bailout bill. McConnell favors the plan. The unpopular bailout bill was shot down by the House. But the Senate has retooled the bill a bit, adding tax cuts to the measure. That appears to be a popular amendment designed to try and bribe House members to vote for a tax cut as well as the big relief package for Hurricane Ike victims, which is also in the bill. But House leaders might argue that cutting any taxes right now is a bad idea especially when the federal government's has a 9 TRILLION dollar deficit. By the way, weren't those stimulus checks approved by Congress supposed to avert a recession? I can't even remember how I spent mine. Probably on bills. UPDATE ON LUNSFORD STANCE: I asked for an interview with Lunsford to ask how he'd vote on the bailout bill if he were in the U.S. Senate. Lunsford was in Louisville today but campaign spokesman Cary Stemle said the democrat was not available for an interview. Instead, Stemle sent a statement which doesn't say how Lunsford would vote on the bill before the Senate. Here's Stemle's statement: First of all, we wouldn't be in this crisis - what Mitch McConnell recently called an 'economic slowdown' - without Bush-McConnell economics, which includes giving Wall Street everything it wants. Action is clearly required, but under no circumstances should we write a blank $700 billion check. They attached some good provisions to the bill but the measure won't solve all of our problems. It does nothing to fix a broken system and prevent this kind of crisis from happening again. And the middle class still gets the short end of the stick while taxpayers bailout wealthy Wall Street executives. Kentuckians and all Americans are frustrated with this mess that Wall Street and Washington created, and they're demanding change. |
WHAS11.com Political Blog
WHAS11 Reporters blog the latest political news from the campaign trail and beyond.
|
|
Leave a comment