Right Side of the Rainbow

Wall Street Journal:

Speaker Dennis Hastert had barely waited for dawn to break after the midnight Cafta vote before he directed the House to pass a $286.4 billion highway bill. He expects Mr. Bush to sign this because it is “only” $2.4 billion more than the President’s 2005 veto limit, which is “only” $28 billion more than his 2004 veto limit of $256 billion, which was “only” a 17% increase over the previous six-year highway spending level. “Only” in Washington could spending so much money be considered an act of fiscal discipline.

The bill is all about “jobs, jobs, jobs,” declared Mr. Hastert, and he’s right if he’s referring to the Members’ re-election prospects. The House version alone contained 3,700 special earmarks, doled out liberally across state and party lines.

Read the rest, including word that agrigiant Archer Daniels Midland — motto: “We’re resourceful by nature” — is among the big winners in the just-passed energy bill.