Bailout / Rescue Passed
I have lots of mixed feelings about this one. Anger and concern about private profit with public losses (or, “capitalism on the way up, socialism on the way down”) is balanced against pragmatism; if the whole system collapses we all lose. I’m glad the amendments to the original proposal were made anyway. So hard to tell if this is the administration’s (hopefully) last “WMD! OMG! WTF!” fear-mongering BS, or if (assuming we don’t enter Great Depression 2) this was a critical and necessary save.
http://jtaplin.wordpress.com/ has great writing and interesting commentary.
