PASSAGE OF "BAILOUT BILL".. House passes...... What will it mean?

  • HndsmKansan

    Posts: 16967

    Oct 03, 2008 5:34 PM GMT
    Was it a prudent measure?
  • SkyMiles

    Posts: 963

    Oct 03, 2008 11:58 PM GMT
    Like a lot of people, I've gone back and forth. I HATE the idea that this is a bailout for the same Wall Street THIEVES who created this crisis and got rich in the process. I still believe that if our government was serious, ALL these people would be going to jail.

    That said, our economy depends on credit and cash flow. Saying NO to the bailout bill because I (rightly) hate kleptocrats won't do anything to revive our flatlining economy. The job report that just came out should make anyone sick to their stomach.

    This all sucks. As Peggy Noonan (I think) put it, our country has seen over these last 8 miserable years the most massive transfer of public wealth into private hands in world history and now...NOW, we've seen the most massive transfer of private debt into public hands in world history.

    It's shameful and inexcusable.