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Where’s Corporate America? Part II

Brian Beutler has, I think, the right answer to my question from this morning — business lobbyists from outside the financial services industry were probably complacent that the bailout was going to pass, and recalcitrant House conservatives were just engaged in a bit of the old cynical posturing. This is why I’m still assuming that the additional votes will be found soon enough — now that it’s clear that complacency was the wrong strategy, I highly doubt that important businesses are going to let a credit crunch devastate their operations while their local member of congress sticks to a “no” vote.

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