In brief: the failure of the bailout

[demiurgent]

It's surprisingly simple.

Neither major political party was willing to sacrifice the election to save the nation.

There is nothing more basic than that. Neither party would sacrifice personal power in order to save the economy of the United States of America.

My representative voted Nay. For the first time, I'm considering voting against her in November. I'm certainly calling her office tomorrow to express my deep disappointment in her.

For those who don't want to see the bailout of Wall street firms because gorsh, they's all rich and it's not fair? I hope you really, really enjoy the next ten years.

Comments

[taimatsu]

Mmm, I haven't read a lot on this (and I'm not American) but what I *have* read does present the bill as 'here, give us really enormous sums of money with no guarantees about what we'll do with it' which doesn't sound like a good idea at all, for anyone, anywhere. Of course some kind of remedial action is probably necessary, but is this one the right one? I think I'm with you here.