One thing that's clear is the Congressional bailout debates have shifted political fault lines in unusual ways. The Denver Post highlights the odd split in Colorado's Congressional delegation: Mark Udall, John Salazar, Doug Lamborn, and Marilyn Musgrave against the bill vs. Tom Tancredo, Diana Degette, and Ed Perlmutter for it. Then, there's my two favorite fiscally conservative national think tanks. Co-authoring an issue brief for the Heritage Foundation, former Attorney General Ed Meese says the bailout bill was "vital and acceptable," while Cato Institute scholar Jagadeesh Ghokale notes:Overall, it's not a pretty picture--but score one for supporters of the free market who insist on allowing market reorganization of the financial … [Read more...]