Washington has well and truly lost what little collective mind it had left. Its panic driven assault on financial sanity apparently has no limits whatsoever, which means there will be hell to pay when trillions upon trillions of mindless monetary and fiscal “stimulus” comes flooding into an already debt and speculation enfeebled economy now being shocked by the Covid-19.
With five US Senators already quarantined, perhaps we will be spared for a few days the insanity of the $1.6 trillion Everything Bailout. It got hung on a 47-47 vote Sunday evening, and then stymied again today by 49-46, when 60 votes are needed to close debate.
This is shades of the first TARP vote in September 2008, which caused Wall Street to puke and the so-called GOP “fiscal conservatives” to fold their tent.