Even though Joe Lieberman made a lousy investment in John McCain, his losses won’t amount to much as Democrats voted Tuesday to let Lieberman keep his Homeland Security chairmanship. In an appearance with David Schuster Monday, Nation Washington editor Chris Hayes equates the failure to punish Lieberman with the recent bailouts of financial entities, saying it will take away “a disincentive for this kind of activity in the future” and may create problems for big legislative battles in the future.

Erica Landau

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