You forgot one option that seems to be being expressed by a fair number of Democrats who voted against the bailout bill: They think that if they do absolutely nothing, things will definitely go badly. But just because you have to do something does not mean that you should do the first thing that pops up. There are a lot of proposals out there by smart people that haven't gotten listened to in Congress. Ones that start off with less money upfront and try to do more about the underlying causes of the crash. I don't know if any of them are the answer, I don't know if they'll work. But I also don't know if Paulson's plan (modified by Congressional leaders) would work either.
So the fundamental bet here, I think, is that correct action is more important than immediate action. Can we make that happen in an election year with ballots starting to be cast already? I don't know. But I don't think it is an absurd stance and I do think there is some wisdom in not accepting the first offer put on the table. Judah On Tue, Sep 30, 2008 at 5:53 AM, G Money <[EMAIL PROTECTED]> wrote: > On Tue, Sep 30, 2008 at 7:34 AM, Dana <[EMAIL PROTECTED]> wrote: > > > yeah I got an email from Senator Domenici thanking me for my input and > > letting me know he is retiring. Awesome eh? Heather Wilson didn't > > reply and she voted for the package. > > > > I have a serious question. > > If lending dries up, banks quit doing business with each other, quit > loaning > to businesses, businesses begin to shrink, unemployment reaches into the > 15-20% range, and you lose your job..........basically everything that > economists are telling us will happen.........if all that happens....will > you still think the bailout was a bad idea? > > Do you oppose the bailout because you don't believe this will happen? Or do > you oppose because you think this WILL happen, but the bailout would be > even > WORSE? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271579 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
