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Senate Democrats are tanking the markets today

Last week the press blasted the GOP for this.  Will they blast the Democrats today?  Dick Durbin negotiated the bill, then voted to keep a filibuster going after Pelosi demanded changes.  We will learn a lot about media bias today as the media covers what happened last night.  If we go back a week, House Democrats rushed out a stimulus plan that was several hundred pages long and gave everyone less than 12 hours to review it.  The media then attacked Senate Republicans for waiting 48 hours before passing it.

Here, Democrats and Republicans in the Senate have been negotiating this package and suddenly the Democrats turned against it.  Why?  Because Nancy Pelosi flew back to Washington to announce she had her own plans.

Should the markets go down today, the Democrats will have a sizable portion of the blame.  But I don’t expect the media to blame them.  Back in 2008, when President Bush produced the TARP plan to bail out banks during the financial crisis, reporters savaged conservative Republicans for slowing the plan down.  Some of those same reporters are around now and it will be instructive to see how they react to Democrats filibustering a plan they themselves helped negotiate.

The best solution to all of this, of course, is a piecemeal approach.  Lobbyists hate those because it is far harder to hide stuff in small packages.  But the House and Senate should do this.  Take each piece and pass as a stand-alone bill.  Keep the legislation rolling.  Make it easier to understand and harder to fill full of gifts for various donors and constituencies.  In fact, that is one reason Pelosi wants the current plan scrapped.  She wants a student loan forgiveness program.  These people are not serious, but the media is playing for a team.

In fact, the media’s willingness to routinely play for the Democrats is one reason so many Americans just simply do not believe anything the press says.  If the media wants to rebuild trust, a whole lot of reporters need to stop being Democratic Party whores.

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