Wednesday, October 1, 2008

Senate Takes a Whack at Bailout Deal

I don’t believe in bailing out corporate greed and speculation, especially when no relief of that nature is made available to the hard-working, small business person who goes through a rough patch. Capitalism for the lower and middle class; socialism for the rich: no, thanks.

Having said that, if this ongoing situation truly threatens the stability of the economy, then I would be in favor of a solution where—handled with maximum govt. oversight—Uncle Sam would come in as a partner, in effect buying low and selling at a higher rate in the future, so that it’s not a bailout but a business venture very likely to generate profits for John Q. Taxpayer in the long run. Equity, not charity.

Let's see what happens.