I do believe I hear an echo of sorts:
Lawmakers pulled an all-nighter, wrapping up their work at 5:39 a.m. — more than 20 messy, mind-numbing hours after they began Thursday morning.
“It’s a great moment. I’m proud to have been here,” said a teary-eyed Sen. Christopher J. Dodd (D-Conn.), who as chairman of the Senate Banking Committee led the effort in the Senate. “No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done.”
Both the House and Senate must approve the compromise legislation before it can go to Obama for his signature.
Despite myriad changes in recent days, Democrats appear poised to deliver a final bill that largely reflects the administration’s original blueprint unveiled almost precisely a year ago. Although it would not fundamentally alter the shape of Wall Street or break up the nation’s largest firms, the legislation would establish broad new oversight of the financial system.
Working around the clock to get something done before holiday even though they normally only work four days a week. Check. 2,000+ pages of largely impenetrable legalese. Check. Statement that we’ll need to pass the bill before we can figure out what is in it. Check.
This new way of doing business in the House is very hard on those of us who believe that the government which governs least governs best. May God grant us mercy and may the Senate not get the vapors.