Ben Nelson and Republican Party own the double dipPosted: June 24, 2010
In an act that defies, history, logic, economics, and humanity, the Senate Dems once again were blocked by the Party of the Grinch. What a stand! After all, all who would want to increase the National Debt by 0.00043 percent ? Why do they take what they consider a ‘reasoned’ stand against the deficit only when it applies to the folks that will be forced to soup kitchens?
No Republicans voted yes, while Sen. Ben Nelson (D-Neb.), who had also rejected earlier versions of the legislation, voted no. Sen. Joe Lieberman (I-Conn.) voted yes after voting on previous procedural motions. Sens. Robert Byrd (D-W.Va.) and Lisa Murkowski (R-Alaska) were absent.
After the vote, Senate Majority Leader Harry Reid (D-Nev.) repeated comments he made earlier Thursday that the Senate will now move to a small-business bill. Reid said the unemployment benefits would not be added to that bill, but others have speculated that the provisions could still be attached to the small-business measure.
The failure to move the tax extenders package, which also would have renewed scores of individual and business tax breaks, illustrates the extent to which fears about the deficit are dominating the legislative process five months before a midterm election in which Democratic control of Congress will be on the line.
If only the Salvation Army went public, then I’d recommend you go long on them and maybe we’d be in the money for a change.