Hurt Feelings and Economic Damage
So it looks so far like the Republican House members who voted down the bailout bill are going to come in for some criticism because they based their opposition
Jul 31, 2020290.6K Shares9.3M Views
So it looks so far like the Republican House members who voted down the bailout bill are going to come in for some criticism because they based their opposition not on their party’s long held beliefs about the role of government in the free markets, and not on any concern about letting the markets correct themselves. No, they didn’t cite any of those things for their refusal. It seems, so far, basedon their own words, that they rejected the bill because of…. hurt feelings? They didn’t like the mean things House Speaker Nancy Pelosi said in her speech, prior to the vote. Read it for yourself, and see if you reach for the tissue box.
I’ve been home all day with a sick 8-year-old daughter, so I’m as sensitive as the next guy to how someone is feeling. But we’re talking about a credit crunch that could cripple the entire economy. Small businesses might not be able to make payroll like, tomorrow, depending on their bank. Stocks recorded their biggest one-day point drop ever. And all this because of…. hurt feelings?
Steve Benen at the Washington Monthly says it hasinspiredhim to come up with a new Republican slogan:
“„“Vote Republican — We’re More Concerned With Our Feelings Than Your Future.”
Dexter Cooke
Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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