I strongly doubt that anything I blog here affects anything. Still, just in case some mistook my earlier call for Congress to attach conditions to the bailout for a monkey-wrench desire to let the financial system crash, let’s be clear.
We got oversight. We got equity. We got CEO compensation provisions. The remaining demands only encourage the politicians and bloggers of all persuasions who persistently refuse to accept anything that anyone else will accept. Such people, whose numbers may even be growing, are far less concerned about the substantive need to pass a bill, and about the human costs of a financial panic, than I would have imagined possible.
The Democrats have already proven themselves the heirs of Pym and Hampden. It’s time to start acting like the heirs of Keynes. Kevin Drum is right. Time to pass the effin bill.