Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.


PASS THE BILL….Can I say something? Thank you.

I understand that John McCain wants to rescue his drowning campaign and thinks a dramatic moment as Savior of the Financial System might be just what he needs. I understand that House Republicans are right-wing lunatics who probably think we could solve all our problems if we just went back on the gold standard. I understand that congressional Democrats don’t want to pass a bailout bill unless they have political cover from across the aisle. I understand that Henry Paulson is not the most credible messenger and that his original rescue proposal was a joke. I’m very happy that Chris Dodd and others have added oversight, equity shares, CEO compensation limits, and funding tranches to the Paulson bill. It’s still not perfect, but at this point it’s not a bad job from the sausage factory either.

Now: will you just pass the fucking thing? We’ve been flailing around with enormous, unprecedented, ad hoc rescue attempts for over a year, and they haven’t worked. Despite what lunatic Republicans think, despite what the public thinks, despite what even some of the reality-based blogosphere apparently thinks, our financial system really does seem to be on the verge of seizing up. This is not just a scam cooked up by George Bush and Ben Bernanke and a sinister cabal of GOP machers.

We’re already fated to suffer through at least a moderate recession whether we like it or not, but I, for one, would like to avoid a massive one. I would like to do this even if the price includes saving a few rich people from having to sell their second yachts. We can settle their hash later. I would even like to do this despite the fact that I don’t know with absolute certainty that everything in the current bill is either necessary or sufficient. It’s true that a few more days of discussion probably won’t hurt, but that doesn’t mean it’s OK to waste time assuaging the egos and political careers of grandstanding presidential candidates and the economic illiterates who man the GOP House caucus. For chrissake, people, just pass the bill.

Now go read Steven Pearlstein.

PLEASE—BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things it doesn’t like—which is most things that are true.

We’ll say it loud and clear: At Mother Jones, no one gets to tell us what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please do your part and help us reach our $150,000 membership goal by May 31.

payment methods

PLEASE—BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things it doesn’t like—which is most things that are true.

We’ll say it loud and clear: At Mother Jones, no one gets to tell us what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please do your part and help us reach our $150,000 membership goal by May 31.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate