Tempers ran high in the Senate today as Republicans blocked a $30 billion Democratic plan to help community banks boost lending to small businesses. Democrats are fast running out of time to show they are doing something to cut unemployment ahead of November’s elections, but this is just the latest bill to founder on objections from Republicans and some centrist Democrats, who argue extra spending should be covered by cuts elsewhere in the budget.
Tales from the Trail
In the annals of inventor-lawmakers, Republican presidential candidate John McCain may rank even higher than Al Gore.
Gore famously said in 1999 as he was preparing to launch his presidential bid that he helped create the Internet while he was a member of the Senate.
He was roundly ridiculed for the comment, which rumor and repetition quickly converted into an urban myth that Gore claimed to be the inventor of the Internet.