The Folly of Rushing to Bailout Wall St
If I were a Senator, I would be very careful about my support in rushing to bailout greedy investment banks. Especially if George Dubya Bush is so adamant about it! Am I the only one that has suspicion from the sheer lack of details and the rush to pass legislation?
Pardon me for making this analogy, but the bailout unnerves me the same way the rush to the Iraq War did. We all know what happened there. There were no weapons of mass destruction found. It was all lies spread to scare Americans into supporting the war, enriching the defense industry, driving up the price of oil, killing hundreds of thousands of innocent Iraqis, and ultimately creating a huge budget deficit. All spread from the screams of "WE MUST ACT NOW!".
I would be very leery before allowing Wall St. to dump their gambling losses on the American taxpayer. This is really going to be a SUCKY AMERICA for any child born today. When are we taxpayers going to stand up and say, "ENOUGH! LET THE GREEDY INSTITUTIONS FAIL!"? If I had a choice of spending $700 billion, I would personally rather that money go to making sure all Americans have health insurance.