xiphias: (Default)
xiphias ([personal profile] xiphias) wrote2008-09-29 04:39 pm

Um. Okay. No bailout for now.

So, the House Republicans -- as well as a pretty good number of House Democrats -- have rejected the bailout plan.

I have absolutely no idea if this is a good thing or a bad thing. None whatsoever.

In general, though, if this means that they have to go back and put together a new plan that actually has THOUGHT behind it, one that they can EXPLAIN to people, I suspect that would be a good thing. I was uncomfortable with the "AAAGHHH! PASS THIS BILL NOW SKY FALLING EMERGENCY DANGER WILL ROBINSON GIVE US MONEY THIS SECOND" thing.

I could very well be wrong. Maybe I ought to be buying a shotgun and rifle and stocking up on canned goods -- I have no idea.

. . . I kinda want a .22 bolt action rifle, anyway . . .

[identity profile] voltbang.livejournal.com 2008-09-29 11:51 pm (UTC)(link)
I meant "we" in a very broad sense. If it was just mortgages, it wouldn't be a general crisis.