Senate passes a possibly WORSE bailout bill

And, it may be WORSE than the House bill.

Upping the FDIC insurance level to $250K is only temporary and not permanent.

And, it extends some expiring corporate tax breaks to the tune of nearly $150 bil.

If I’m a progressive Democrat, the corporate tax breaks issue would have to stick in my craw. And, I can’t see where this has enough other tweaks to attract House GOP naysayers.

The other goodies include:
• Increasing the alternative minimum tax limit, apparently without funding that;
• Requiring mental health insurance parity
• Renewable fuels tax credits.

In other words, per McCain, it's "festooned."

The second and third will rub many in the House GO*P the wrong way; the second will alienate Blue Dog Democrats. No wonder Asian markets are down in early trading. That’s their take on how well this may do in the House.

There is no god and I am his prophet.

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