The Senate passed a bill that is supposed to deal with the crisis in foreclosures today by an 84-12 margin.The only problem is that it doesn't deal with foreclosures which means House Democrats are going to have a field day loading it up with goodies for deadbeats.Maybe they'll give a tax break to people who trash their foreclosed on homes before skedaddling.The Senate bill would reward home builders who overbuilt during the housing boom while giving speculators who purchase these homes a huge tax break.If I sound a little skeptical it's because this is an election year and Congress must be seen as "doing something about the problem" when the best course is probably letting the economy wring out the failures and deadbeats while rewarding those who didn't go off half cocked during the boom.This, of course, is wishful thinking. Today in America, there is no such thing as failure if you're in a big enough industry or if your lobbyists are better than everyone elses:The measure,...(Read Full Post)