The Senate passed the new bail out bill today. The 74-25 majority gives it momentum heading into the House. The bill also includes extra tax cuts and an increase in teh FDIC insurance to $250,000.
The real story here is that Jim Demitt and Bernie Sanders are in agreement.
Sen. Jim DeMint, R-S.C., a leading conservative, said the step was "leading us into the pit of socialism."
Sen. Bernie Sanders of Vermont, an independent who's a self-described socialist, said the rescue was fundamentally unfair.
More on that development tomorrow night.
1 week ago