Tuesday, September 30, 2008

So, you've probably all heard that the bailout failed yesterday. I don't really have a position on it - I can't support it just because Obama does (if you know me, you know I'm not that kind of voter), and, like John McCain, the economy has never been my strong suit. So I'm not sure how to feel about this one. On one hand, you can see the effect the bill's defeat had on Wall Street yesterday, and that alone is scary. On the other, last time the Bush administration told us that a bill had to be passed without delay or thought, we ended up with the PATRIOT Act.
After a little Googling, I found a good article from the New York Times explaining it all:

The Wall Street Bailout, Explained

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