Wednesday, October 1, 2008

No To The Bailout: Let The Market Run Its Course


The shift in language from "bailout" to "rescue" does nothing to get rid of the stink surrounding either the Senate or House proposal. This bailout is not even guaranteed to work, and many experts believe it is not only unnecessary, but may do more harm than good:

66 Leading Economist: Bankruptcy, not bailout, is the right answer

Letter Rejecting The "Bailout"


The probability that either proposal (Senate or House version) would work is slim, and this may be nothing more than an attempt by our representative to delay the inevitable until after the elections. The proposal we should be looking at is the one that was offered by the Republican Study Committee (RSC):


RSC Plan: Economic Rescue Alternative


The question all of us have to ask, is that after we have done our due diligence, knowing that there is no easy way out of this situation, which plan is really best for America on the whole?

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