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

[roniliquidity.livejournal.com]

I'm not arguing with the plan in as much as I am arguing with the lack of oversight to make sure that $700 billion is going to the plan. Our government has proven very bad at making sure money is going to the public good rather than the pockets of the buddies of the guy distributing it. Oversight seems to be a very small thing compared to Imminent Financial Collapse so why is it such a sticking point?