Last week it was presumed that the bill would pass. So there wasn't a big incentive for every credit-starved business and bank to spend time calling congresspeople and lobbying for it, or for something like it.
That changed over the last week, as articles like this one came out:
So there's been another week to form the consensus: The bill sucks, but the problem is real, and there's no clearly differentiated, politically viable, non-sucky alternative that will arrive in time.
The moral of this story, as with so many stories, is that the right way to deal with dire emergencies is to avoid causing them in the first place.
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Last week it was presumed that the bill would pass. So there wasn't a big incentive for every credit-starved business and bank to spend time calling congresspeople and lobbying for it, or for something like it.
That changed over the last week, as articles like this one came out:
http://www.bizjournals.com/twincities/stories/2008/09/29/dai...
So there's been another week to form the consensus: The bill sucks, but the problem is real, and there's no clearly differentiated, politically viable, non-sucky alternative that will arrive in time.
The moral of this story, as with so many stories, is that the right way to deal with dire emergencies is to avoid causing them in the first place.