The bailout does not make me happy, and liberals are mad because they are bailing out the big guys who go off with their golden parachutes and leave the little guy out in the cold so to speak. I'm not defending people who borrowed more than they could afford, but I was young once, and reading through all those papers is confusing even if you have some college background. But shouldn't lenders have to be accountable, too?
You know how Hillary liked to tout "it takes a Clinton to clean up after a Bush". Then it came to me that maybe what has happened has turned that on its head. It takes a Bush to clean up after a bunch of Democrats, with Republican enabling, these huge monsters who weren't even real companies. Didn't McCain support some of this himself way back in Congress?
Where would we be now if the Feds hadn't been frantically putting together this package to bail out these institutions?
Then the other side of it, we've been plunged more billions or trillions into debt, and what if these institutions don't start showing in the black and paying some of this back?
I tend to take a gloomy view on things, but either way we lose. It's like a runaway train. Are our leaders really acting for our better good or are they making a desperate gamble to shore up the economy, save face, and prevent a worldwide collapse?
Anybody got ONE fair and balanced link that isn't too complicated to explain what really went down?
If you want to understand this better then listen to Mark Levin’s show from Friday.... go to his site and click on September 19th and play the show... he lays it out in all it’s glory and this does go back to the democrats... back 30 yeara and laws passed to force lenders to loan to make subprime loans... and more what he doesn’t say on his show is one of the people who sued Citibank to force them to make subprime loans was non other than Barack Obama.