If the Senate is going to postpone any sort of vote on the administration's proposal until September, my guess is it is going to die (uninsured). This may be it for a long time to come.
I cannot imagine the Members are going to go home and have to apologize to their constituents for not rushing this proposal through. Between the $700 billion TARP and the $787 stimulus package, no one can accuse Congress of being tight-fisted.
Will the administration turn its attention elsewhere or try this one more time in a different guise? My bet is on the latter, and just like an umpire correcting one mistake with a "make-good" call, the second effort may be more of a botch than the first. We are not out of the fiscal woods yet....
Thursday, July 23, 2009
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