So your saying if we do nothing (which is the right thing) economy will get bad and vote for Obama thereby dooming us .
But if we vote for this scam, economy will temporaily improve, allowing McCain in, before our taxes are raised, the dollar becomes worthless, and the depression starts.
Doing nothing is absolutely not the right thing.
To begin with, the Federal Government bears a heavy responsibility for this crisis. After all, they’re the ones who coerced the banks into making many of these underlying loans - and they’re the ones who passed the onerous taxes and regulations which drove capital into marginal areas.
“Doing nothing” might be the correct response in a purely free economy. But that isn’t where we’re coming from here. That’s the first thing.
If we pass this, we can end the crisis for now and probably get McCain into the White House. The likely windfall to be reaped from liquidating these distressed securities will be enough to actually fund major reforms and to put the Federal Government on a sounder financial footing without raising taxes.