Is that actually what it was called? All you hear on news telecasts, and even in print, is bailout. And, while I do not believe that the bi-partisan bill was the answer to Wall Street’s problems or would insulate “Main Street” from the problem, I still stood in my living room watching the vote count. I had a 24 hour cable news network on and C-SPAN in the picture in picture. I am truly a news junkie and this was news at its biggest.
My biggest problem with the bill, the bailout, is that it is not going to “fix” the problem. We are looking at a flawed bill. Even the Treasury Department will say there is no basis to the dollar number affixed to the bill. The Treasury Department wanted the number to big. They wanted it to scare Congress and the American people.
Second, our economy is a based on capitalist principles. We are moving from that to a socialist society if this government continues to bail out business. We cannot help every business that makes bad decisions, even if those decisions were encouraged by the federal government to start.
I encourage you all to find out how your representative voted on this issue. Thank or not, as you see fit, this representative.
Nicki's Nook 
Aw! Here we go.
Another “I don’t know, Nicki”
On one hand, no one spoke of a bailout during the 9-11 crisis, and we weathered it. It wasn’t pretty, but we managed.
On the other hand, this is a different issue – not a single event, but a series of failures. If there is something the Government can do to to prevent the situation from spiraling into a repeat of the 30’s – then we need to do it.
But a bailout is not a solution. It’s a stop gap. And, who’s going to pay?
We are.
Sure, it’s bound to hit us in tax increases, and cuts in essential services.
But, these fools that we talk of bailing out are not going to be happy. It will never be enough, and they will not be happy with the terms. They will focus on costs and losses.
And, ultimately, we will pay for that in terms of higher consumer prices, lower wages, and less benefits.
I’m no financial expert. I don’t know what the answer is.