Congress proving why its approval rating is lower than Bush

Fed Chairman Ben Bernanke testified before congress today that he doesn’t think additional rate cuts are necessary right now.  Liberal Senators Charles Schumer, senior liberal from New York, and Sam Brownback, the liberal RINO from Kansas pressured Ben Bernanke to cut rates further, faster, etc.  So what’s the big deal you ask?

“When those gas prices get up to $3 a gallon, it seems to hit some sort of psychological point in consumer’s mind that ‘I have less to spend,’ and that’s a reality for them.” - Sen. Sam Brownback (R) Kansas

“I’m very concerned that there may be a bigger storm on the horizon,” - Sen. Charles Schumer (D) New York

So if Senators Schumer and Brownback are so concerned about people having less to spend then why push for a rate cut that will have little effect on consumers  immediately, why not do something that will affect everyone.  Cut the gas tax, I know we can’t do that because after all Government never has to do with less, only hard working people do.  Don’t believe me, here’s the proof….

Coincidently today the Senate voted 79 to 14 to override President Bush’s Veto of a $23 Billion water resources bill that he believed was too expensive.  The fact that President Bush found a spending bill too expensive is news by itself, but congress, in spite of what former Fed Chairman Greenspan has preached for decades, voted to Override the President and spend $23 Billion tax dollars that came from the pockets of hard working people.

Somehow the AP thinks that it is a negative for a branch of government to exercise a rare instance of fiscal restraint:

President Bush suffered the first veto override of his seven-year-old presidency Thursday as the Senate enacted a $23 billion water resources bill despite his protest that it was too expensive.

Now I will take the occasion to commend Sen. Brownback because he voted to sustain the veto.  However after the preaching about the bigger storm on the horizon for the American people Sen. Schumer didn’t think it was big enough to keep him from voting to override the President and spend, spend, spend.

And now we know why congress’ approval is nearly half of what the President’s is.

Technorati Tags: President Bush, Congress, Sam Brownback, Charles Schumer, veto, Bernanke