We Need Smarter People

It might be time to reconsider this democracy thing. The House of Representatives, no doubt shaken by calls from both ends of the political spectrum to kill the bailout bill, did just that. 133 Republicans and 94 Democrats voted against it, and now the stock market is in a bona fide free fall.

The perverse thing about this is that Democrats were scared to death that Republicans were going to somehow kill them for supporting it, but now they’re going to have to deal with inaction potentially causing a stock market crash. So congrats once again to a very large part of the liberal blogosphere, you’ve once again over thought yourself right into the situation you were afraid of. And no, you’re not going to be able to pin this on Republicans. This was in the House, with no filibuster. Democrats could have passed the measure themselves, without any Republican support. So any fall out is going to come right back to democracy.

There’s really no excuse for it.