BAILOUT BUST reads the NJ headline this morning. Going down to defeat yesterday in the House, the bailout bill is now back in negotiation. Perhaps this time we can get a bill worthy of passage. The Paulson/Bush bill was a power grab of epic proportions.
The bill as presented deserved to be repudiated. We need a real solution to a major problem, not a bandaid approach to a major wound. What will arise next is very much up for debate. Who knows what our lawmakers will find in their pockets next time? I hope we see a bill that is fair to all sides including taxpayers as well as financial institutions and their investors. We will see.
Peace.
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1 comment:
Sometimes Congress hears the voice of the electorate. This time we need real solutions to an economic crisis that is costing people their jobs and their homes.
Peace.
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