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Friday, September 26, 2008

Politically Speaking: Bailout a 'death spiral' for economy?

Excerpted from this post at Politically Speaking

As very important legislation works through Congress in the next day
or so, the proposed "bailout" of the financial markets crisis is
getting much criticism. There's much thought that this is too
important -- and costly -- a piece of legislation to be rushed in
line with time constraints of congresspersons wanting to finish and go
out for re-election bids. And when the criticism comes from both sides
of the aisle, then there's reason for concern. Or reason to be
pleased, since it means neither major political party is getting fully
what they want. Two missives in the last day show conservatives are
against a bailout, while the Progressive Democrats of America also has
that position.

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Mike Schramm
Andy Szal

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