Bob said this on CBS last Sunday:
There will be three more unemployment reports before the election. Congress has gone on vacation for the next five weeks, leaving work on their desks involving jobs, taxes and the budget deficit.
Congress managed to get through last year without passing one single piece of significant legislation. It would be hard to do worse than that, but this crowd may actually manage to do it.
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And there’s also a couple of fairly important items that have to be resolved one of these days: whether to let the Bush tax cuts expire at the end of the year, and whether or not to block a draconian $110 billion across-the-board cut in defense and domestic spending.
No word on what if anything they plan to do about those items. Truth is, no one expects them to do anything until after the election. The way it stands right now, if the U.S. Capitol caught on fire, this Congress could find a way to make it a partisan issue and do everything but call the fire department.
They went on vacation? I expect we’re paying for these yoyos to spin out at the end of the string.
Look at it this way:
