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01 October 2008

Blog brother Lowell Feld (reluctantly) says bill should pass

Honorary broad Lowell Feld, one of my best buds from the heady days of Wes Clark's presidential campaign, left behind his career at the Department of Energy to set up Raising Kaine, which has gone from being a site promoting Tim Kaine for Virginia governor to being the go-to site for all things political in Virginia.

In a piece today, lauding "soon to be Senator" Mark Warner's take on the rescue bill (calling for passage, Warner had said that the House was playing Russian Roulette with the economy), Lowell weighs in with this:

...Sure, I'd love to see a much better bill, maybe even a completely different bill. But as the saying goes, the process of legislation being made in Washington is like watching the making of sausage - not pretty, in other words.

And there's no doubt that this bill, the Emergency Economic Stabilization Act of 2008, is a (messy, flawed) hunk of sausage. In other words, it's a compromise on an extremely complex, intricate, important subject - keeping our economy from melting down as credit markets freeze up and stock markets plummet. Reluctantly, I must say that it is also probably the best (I can see a few tweaks getting incorporated) option that can be accomplishment [sic] at this point given the alignment of political forces in Washington, DC - Shrub in the White House, a closely divided Congress, an election looming, etc. Again, I'm not talking what's IDEAL, I'm talking about what's PRACTICAL...

Lowell's got a great mind and a cool head. Give him lots of bloggy love.

Posted by EDN on October 1, 2008 at 01:33 PM in Blog Watch, Wall Street crisis | Permalink

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