Um. Okay. No bailout for now.

[xiphias]

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 . . .

Comments

[brooksmoses]

Because this idea seems to inexplicably be getting actual traction: Yes, 700 billion is a lot of money, but it only amounts to maybe $6000 per household (and less per taxpayer), not a million dollars apiece. The reason that giving every single taxpayer a million dollar check would do a lot more to fix things is that it would cost vastly more than any proposed bailout, and about a dozen times the existing national debt.

So, no, it would not "cost less", by any stretch of the imagination.