The $10 billion loanPretty much everyone agrees that the amendment to convert $10 million of the funds going toward the rebuilding of Iraq into a loan is idiotic. Yet somehow, 51 Senators and 200 Congressmen voted for the amendment. As Josh Chafetz notes, it's surprising to many that it's Bush who's pushing for more money for the rebuilding of Iraq while the Democrats try to weasel out of it. And the explanation from John Edwards and others that they are voting for the amendment to force the president to negotiate with them is rather weak. For one, it's much less plausible then the alternative explanation that Edwards, trailing badly in the polls, is trying to appease the anti-war Democrats who favor pulling out of Iraq and handing the country to the UN. And even if that were the true position of Edwards and others, they need to be told not to tell the other side that your position is a negotiating position and not your true position. And here's something else I haven't seen anyone bring up before: where's Bono? Isn't he a big proponent of debt forgiveness? Shouldn't he be speaking up or something? The obvious solution is for Bono to convince some Congressmen against the loan idea, then give him the Nobel Prize next year, so Iraq gets the money it needs and everybody ends up happy. |
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