Monday, September 29, 2008

House defeats $700B financial markets bailout - Yahoo! News

"Ample no votes came from both the Democratic and Republican sides of the aisle. More than two-thirds of Republicans and 40 percent of Democrats opposed the bill."

Nice bi-partison un-support!

I think that might be the best outcome too.

The bigger the meltdown is the more it will be studied, and the more it is studied the more it will be recognized not as capitalism at work but as "socialism by other means". The public will demand to know who is responsible for the "good intentions" with which this road to hell are paved.

If only more legislation would go this way!

(Except legislation eliminating entire federal agencies of course.)

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