BAILOUT PASSES THE SENATE

Thursday, October 2, 2008

Just a couple of points ... we'll cover it in more depth (and in an entertain way, of course) on the air today.

It wasn't just a bailout. There were a lot of goodies added in for both political parties. Some spending here, some tax breaks there, and some additional government regulations somewhere else.

Health insurance companies are now going to be required to include mental health care on parity with care of physical illnesses. Do you have any idea how much this is going to include the premiums on virtually every health insurance plan out there? This will cause more people to drop insurance ...followed immediately with politicians screaming about the dire need for what is, but what they won't call socialized medicine. The ultimate goal here is to gain more control of you by controlling your access to health care. Making private health insurance policies difficult to buy and maintain is part of the plan.

Do you agree with Neal that McCain's vote for the bailout has killed his chances of winning the presidency in November?
Yes
No
Buried somewhere in the bailout bill is a tax break for some company that makes some particular type of wooden arrow that is used by some children somewhere. Feel good about that? Wait until you see what the House members add on.

There is no way in hell that this will be the last bailout. The die is cast. The foundation is set. Look for the next one coming around the corner in the middle of the night with its headlights off and on the wrong side of the road.

Subject to change .. and subject to a sudden sense of maturity descending on the American voter ... but I think John McCain's vote for this bailout ended his chances in the election.

And remember, please, that the evidence is clear: This mess was caused by the Democrats refusal to reign in Fannie and Freddie. The Republicans wanted to, and tried. The Democrats said no. Now you pay.