Bailout Gaining Steam – Investment Class Once Again the Winners

The news today is pointing to Congressional – Administration common ground on the $700 billion Wall Street welfare program.  Here’s hoping that the final plan contains a way for the U.S. taxpayer to be paid back – with interest would be nice (and capitalistic).  I wonder how many of our representatives in Congress know how their constituents feel about this whole rush job while they sit isolated in Washington, D.C.?  Here’s one of them from the comments section of this post:

Bush wants to spend 700 billion dollars to ensure the financial success and future of the same companies that got us into this mess. Since when has the government been in the business of buying privately owned corporations? Why does he think that giving $700 billion to the idiots that got us into this problem is going to solve anything? All he’s going to do is make the rich richer, and our credit-hungry consumerist country is going to continue tanking down the drain until we make some real social change to how we live.

The republican party has got its head screwed on wrong. Let’s wake up and realize that throwing money at the problem isn’t going to fix it!

Congress, right now the Bush Administration owns the concept of this bailout.  Pretty soon, you folks are going to be co-owners of more than the concept.  How about making sure there’s something in there for ordinary Americans?  I’m not talking about bailing people out of houses they couldn’t afford in the first place.  I’m talking about new regulations, the fat cats paying us all back with interest, and ensuring that we’re not here again in five or ten years.