The thing is, the Democrats are in a bind. If THEY hold things up, then Bush and the Republicans will accuse them of doing what they are always accused of-- preventing things from getting done. If they push a bill through, then the Republicans can play the Populist heroes, blocking passage of a bill that most voters don't like. The Dems are screwed either way.
Frankly, Bush-Cheney thrive best in situations like this, where they can engage in their secret machinations with the heat of media coverage focused elsewhere. But this time, they're doing their work-- work for the biggest corporations in the light of day and the member of congress are letting them get away with it.
What's that? Today, the biggest bank failure in US history occurred. How was it handled? The spoils, the remaining assets were given as a gift to Morgan Stanley. Wait a minute. Didn't they just last week convert to a commercial bank? And just days later, they are in place to take over the largest failed bank in history. What about those dusty old anti-trust laws? We're seeing more emergency mergers, coming harder and faster than any time in modern economic history.
And we're watching this financial Silent Spring implode right before our eyes. A $700 billion or $7 trillion dollar bailout will only stave off the inevitable. Allowing these massive mergers will cost tens of thousands of jobs, create massive excess commercial real estate vacancies and ultimately condense power to a smaller, less diverse group of megacorporations.
This is bad for consumers, taxpayers, America, international finance and humanity. So maybe, totally unintentionally, McCain, the idiot cowboy, is doing some good. Maybe like Parsifal, the fool who finds the holy grail, he's doing some good, forcing the Democrats to take another look, rather that doing their usual-- make some noise than give Dubya what he's asked for. So far, it looks like the Republicans have out-finessed the Dems in congress.
What kind of message does it send to responsible companies when the losers are rewarded? The answer is to allow the failures to fail and reward the strong, responsible companies. That seems so simple. Why can't the members of congress get it?
One word-- lobbyists.