Sunday, September 28, 2008

Five Things to Like About the Republican Effect on the Deal

From the corner.

1. No ACORN money: All money goes to debt reduction

2. No blank check: Treasury is required to develop an insurance program

3. No union power grab: Dodd-Frank permitted unions to force themselves into the board room. This proposed compromise eliminates that.

4. No “cram down” bankruptcy provision (aka, trial bar giveaway):

5. No tax hikes: The proposed compromise simply requires a proposal to Congress to recoup any potential losses.