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

Thoughts

[ysabetwordsmith.livejournal.com]

One very reliable rule in finance is: If someone is using high- pressure tactics to urge you to give them money right now or else, walk away. It is a scam.

No situation is so bad that panic can't make it a whole lot worse. People in Washington need to calm down and do some research to find a real solution.

Or they're likely to find themselves out of a job next month, and in this economy, that would suck. For them.

Re: Thoughts

[voltbang.livejournal.com]

You forget the golden rule. "It can't happen to me."

Re: Thoughts

[ysabetwordsmith.livejournal.com]

A whole lot of rich jerks in the Depression found out that, yes indeedy, it CAN happen to you.

Re: Thoughts

[voltbang.livejournal.com]

Well, I was thinking of the politicians who are sure that they can't get voted out for making the problem worse. Try telling them they can get voted out.

Re: Thoughts

[ysabetwordsmith.livejournal.com]

*cackle* Oh, we have been. I think some of them just got a clue! People were shocked that the bill didn't pass. I'm pleasantly surprised that the politicians listened to their ranting, foaming, desperately broke constituents, but messages like "HOW'D YOU LIKE TO BE FIRED IN NOVEMBER, FUCKWAD?" can apparently get through even a politician's thick skull. Along with more eloquent and civil arguments issued by calmer voices with the same general goals.