Holy Frijole!

The bailout failed to clear the House.  Arnold Kling has a little bit of after-action analysisJess has some links, and I left a comment there.


Pence Still Opposed

Mike Pence will vote against the bailout, saying that although his House colleages made it a little better, it’s still a major bailout and will make it that much harder in the future to keep “private profits, public losses” from becoming the name of the game.  Pence is absolutely right, at least when he says that the freedom to succeed is also the freedom to fail, and I applaud him for his steadfastness.