I am very disappointed with our U.S. Senators, not just George Voinovich and Sherrod Brown, but many, many others. In the House, they voted on a bailout bill that was a little over 100 pages long. Tonight, the Senate voted on a bailout bill that was about 450 pages long. While some good measures were added in to better the bill, there were also some bad measures added in that worsen the bill. The fundamentals, though, remain just as bad as they were.
Some of the Senators who spoke with the MSM afterward said that they had received support from small businesses in their state to pass the bailout bill. The thought that crossed my mind is that ordinary Americans have very little access to their Senators. The Senators live in a bubble.
Senator Harry Reid of Nevada, the Senate Majority Leader, pointed out that Congress will adjourn later this week, but will reconvene in late November for organizational meetings. How naive is it for me to hope that committee assignments in the new Congress, specifically banking and finance committee assignments, will trend toward legislators that do NOT receive campaign contributions from the industries they should oversee?