Bouncing the Blank Check

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12:19 am September 24th, 2008

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	Bouncing the Blank Check
	The article is a bit understated, actually. A LOT of people, not just Democrats, are screaming about the bailout: Democrats Reject $700 Billion Blank Check Carolyn Lochhead, The San Francisco Chronicle: "Congressional Democrats worked Monday to reshape the lame-duck Bush administration's jaw-dropping request for an additional $700 billion and unprecedented authority to buy distressed assets to prevent a financial meltdown, amid a sense of deja vu on Capitol Hill over a similarly open-ended war resolution that Congress gave the administration six years ago." Tags: economics, news, politics Current Mood: tired

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	Comments

	From: wyrmwwd	Date: September 24th, 2008 05:24 am (UTC)		(Link)

I heard a financial analyst on the radio today talking about how, when the economy is turning a profit, the profits go to wealthy individuals, and when the economy turns to loss, the losses go to the American people.

I don't know about you, but I think that the people who made the most money on the deal should pay the highest taxes to fix it.

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	From: ysabetwordsmith	Date: September 24th, 2008 02:34 pm (UTC)		(Link)
	I Agree

People with money and power created this mess. That money and power give them leverage to walk away from it if they are not forcibly stopped and made to help clean it up. Meanwhile, people of average or less money and power are suffering because of this, and have little ability to fight back.

*snicker* Except, of course, jingle mail:
http://www.investopedia.com/terms/j/jingle-mail.asp

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