Monday, September 29, 2008

Why It Failed

Nate Silver has a good explanation as to why the bailout failed:
Among 38 incumbent congressmen in races rated "toss-up" or "lean" by Swing State Project, just 8 voted for the bailout as opposed to 30 against: a batting average of .211.
An evil, mean Nancy Pelosi?  No.  A group of politicians worried they won't be re-elected.

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