So since I started writing the earlier post this morning, watched some financial news program on TV. How does anyone know what to believe when they watch TV, read the paper or listen to the radio? But that's another blog. Someone asked the question, what would happen if the bailout doesn't go through? The answer given by this man was that companies would stop lending money, which would lead to companies not making payroll, which would lead to more layoffs. Is this really the world we live in? Use news to incite fear and allow our chosen representatives to potentially bankrupt our country and future generations? I'd like to know why our Congress people can't put aside their partisan politics to come up with workable, financially-sound solutions. Is this asking too much?
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Paulson - the one who's spreading the terror on this one, is a former exec from Goldman Sachs. He's saying, "Sign now, sign often. Don't think, just sign!" Fortunately, even our intellectually deficient representatives (well, not Ginny Brown-Waite and Mel Martinez - they have their rubber stamps out and ready) seem to realize this is all a bunch of phooey. It'll probably not pass - a good thing.
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