I don’t care what party they are from. Be they democract or republican, vote against them if they voted against the bailout today.
WHY TO SUPPORT THE BAILOUT
* Conservatives oposing the bailout will argue that in a free market economy, people should be punished or rewarded based on the quality of their decisions. I agree with that principle whole heartedly.
* Conservatives will also argue that this is one of those instances and that the market will fix itself. I could not disagree more. That simplistic argument that people like Rush Limbaugh are pushing ignores the amount of time it may take the market to fix itself. And when we are talking about such a massive amount of capital at stake, this could easily take a decade.
* Liberals will argue that the bailout will benefit Wall Street who caused this mess and ignore the “little guy”. MoveOn.org is running ads to that effect. It is a one-sided, ignorant argument. A whole lot of little guys AND a whole lot of big guys caused this mess through housing speculation, mortgage backed securities and hedge funds. People ate up risk as if their lives depended upon it and now the whole economy stands on the brink. And, if the economy tanks, we all get screwed.
TODAY’S VOTE
The ‘no’ votes today read like a who’s who of congressmen in close contests. They voted no so they would be pinned with this bailout if it turned out to be unpopular. In otherwords, 220 people put their individual job security of the economic and job security of the rest of America. It is wrong and these people should be fired before they are entrusted with another critical task.
Tags: bailout, Barack, Clinton, economy, election, limbaugh, mccain, obama
