by Mark Silva
This two-stage, $350-billion-plus-$350-billion "bailout'' of the financial markets that Congress debates this week is not really a bailout - that's what members are telling each other.
It's more of "a work-out of the problem, rather than a bailout,'' says Rep. Roy Blunt (R-Mo.), attempting to sell it to his reluctant party.
They could call it a "cook-out.''
That might make it more appealing.
But then, that would be a "cop-out'' if they attempted to change the subject.
Now that Democratic leaders are on the "look-out'' for Republican votes to cover them against any public outcry over the "bail-out,'' it will be telling to see which members "drop-out'' of the coalition that inevitably passes this economic rescue. If they don't "iron-out'' their objections, a few may "tune-out'' to the leaders' spin and "skip-out'' on that vote. They don't want to "sell-out'' voters and taxpayers. The vote will not be a "shut-out."
The political 'fall-out'' of the vote is another thing - particularly if the economy still "bottoms-out'' after the Treasury "buys-out'' all the bad "washed-out'' mortgage-related debt clogging the nation's credit markets. The credit crunch they are trying to "shake-out'' could become a "knock-out'' punch for the econmy.
If the Treasury "strikes-out'' with this attempt to avert a crisis, all of us will "lose-out.''
Now, the public's obligation to the new debt it incurs will "phase-out'' after Treasury "shells-out'' billions and then "clears-out'' the bad assets. in the end, the White House budget office says, it should be a 'wash-out.''
Yet, congressional leaders may be "tripped-out'' if they believe that everyone will accept that this plan is not really a "bail-out,'' but only a "work-out'' of the problem. The cost of the plan is enough to make the average American, "strung-out'' with economic problems of his own, "pass-out" right in the "check-out'' lane.
As they "rough-out'' and "flesh-out'' the plan for resistant "hold-out" members of Congress, some may "laugh-out'' loud, but leaders of both parties are certain to "stand-out'' and explain why it is necessary and "crowd-out'' the criticism. The urgency of the cause should "drown-out'' nay-sayers, who ultimately will be "left-out.''.
The 'turn-out'' of voters on Nov. 4 may ultimately explain what Americans think about the ability of either party's leaders to "ride-out'' the recession that appears inevitable. Here in the Swamp, though, we're starting to "burn-out'' on this thread.
So, what do you think? Give us a "shout-out.''
