Larison sizes up the bailout failure:

...if things are indeed as bad as the proponents say, and if they are the responsible, sober voices of wisdom that they pretend to be, the truly irresponsible thing was to wait up until the last weeks before the recess, rush out a terrible plan, demand immediate adoption of this terrible plan (which they were happy to admit in public was a terrible plan) and then not even correctly gauge the level of support for the legislation before bringing it to a vote.  Calling the question when there likely wasn’t enough support (as opponents of the bill had said yesterday!), if you believe what these people claim to believe, was an act of brazen recklessness.  If they are wrong about the consequences of not adopting this plan, they are merely politically incompetent.

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