Let the Europeans appeal to the house republicans.
Trichet Says U.S. Must Pass Plan to Rescue `Global Finance’
I have to say that I’m becoming more sceptical about this plan everyday. The on-again, off-again nature of this drama has really shined a light on many people’s true beliefs. During the “off” moments I read and hear people screaming about how “Rome is burning” and how we can’t let the “perfect kill the good”. Then, during the “on again” moments I read the very same people lamenting the curse of “easy credit” and how America will never change its ways. Come on. People are sick of being told to jump and being expected to say “how high”. They are especially tired of this country being turned into a welfare state for the rich.
The one thing that keeps killing me is the question regarding what would have happened if Paulson got his way right off the bat? Would the government being buying assets off of WaMu right now? Would the government be buying toxic debt off of Wachovia, right now? Good riddance to both of those banks and thank you House Republicans. You are a stupid bunch, but you did the right thing even though it was for the wrong reason. Don’t cave in now. The faster we get to the bottom, the better it will be for all of us.
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