It's not that simple. The bailout, as proposed, really isn't going to help that much. It will buy immediate liquidity, but do nothing to shore up the next wave of bad debt, nor help save neighborhoods from the domino effect of foreclosure. It buys immediate liquidity, but does nothing for long-term stability.
I thought it was incredibly brave to vote against it. It's unpopular for a reason.
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Date: 2008-09-30 02:23 am (UTC)I thought it was incredibly brave to vote against it. It's unpopular for a reason.