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The U.S. Senate on Wednesday night overwhelmingly passed what will go down in economic history as the banker bailout bill.
While the world awaits reaction from the House of Representatives, Libertarian Presidential Candidate Bob Barr isn’t keeping silent.
In fact, Barr has launched a verbal attack against Sen. John McCain, often referred to as a maverick in Washington, for voting “yes” for the bill.
Another bailout, another few billion dollars.
The House on Wednesday approved a $14 billion bailout plan for U.S automakers after the White House and Democratic leaders finalized a deal empowering a government “car czar” to force the companies into bankruptcy if they don’t restructure by next spring.
Supporters, including administration officials, Democratic congressional leaders and many independent economists, warned that hundreds of thousands of jobs could be lost and hundreds of related businesses damaged or destroyed if one or more of the U.S. automakers failed.
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