After pulling an all-nighter, the low-approval gang in Washington is ready to give us their new, improved version of the $700 billion gamble nobody understands but practically all are sure is needed to keep the sky from falling.
The 1980s Tom Hanks movie, “The Money Pit,” comes to mind as Congress and the Administration enthuse over the financial structure we’re buying with a $250 million down payment that may or may not stand up until their successors move in next January.
House Speaker Nancy Pelosi congratulates the negotiators for “the great work they have done” to “insulate Main Street and everyday Americans from the crisis on Wall Street” while Treasury Secretary Henry Paulson gets up off his knees to celebrate “a deal which will work and be effective in the marketplace.”
But as the happy couple prepare for the Housewarming, the grumpy former tenant Newt Gingrich stands outside bitching that “it’s probably impossible, without the president getting a new secretary of the treasury, to get to a good deal…We’re taking an immediate tummy ache, and we’re in danger of turning it into cancer.”