The Bush/Paulson bailout bill was defeated in the House on Monday, which leaves me somewhat relieved. My relief comes not from a knee-jerk distrust of government intervention. Nor does it come from a simpleminded hope that the economic mess will just sort itself out and all will be right in the world. My relief, temporary [...]
The economy is in shambles and even President Bush and Senator McCain have finally noticed. The president has proposed his oversightless $700 billion bailout, but McCain and his GOP colleagues at the crisis summit came up with a less-regulation-more-tax-breaks counterproposal. Let's look at that again. The proposal is from Bush and the counterproposal is from [...]
Dear Congressman: I am writing to you because you are my representative. However, in the matter of Bush's bailout plan, I feel I speak for most Americans and therefore I am also addressing your peers in the House as well. The bailout plan cannot be allowed to pass as currently proposed. Perhaps there is a [...]