More on the bailout

I've been trying to get my mind around this proposed $700 Billion Wall Street bailout plan for a while now. Now that the Senate has added all kinds of little B.S. things to it so it would pass there, I've still got some questions.

  1. If it's such a good proposal, why did the Senate have to add a bunch of shit to it to get it passed? Is it so they can claim they voted for it because it included one of the add-ons, just in case the whole thing goes sour?
  2. Why is the Senate passing this when, according to polls and interviews, this proposal is not favored by a majority of their constituents?
  3. Isn't the House and the Senate aware that if they keep shoveling money out of the Treasury, the dollar is going to lose it's value and then we'll be facing a host of whole new problems?
  4. If this $700 billion is passed and used, that would be almost $1.5 trillion pumped into financial markets, just this year. Who's paying for that?
  5. What are the benefits of this proposal, anyway? All I've heard is that it will free up credit, isn't issuing too much credit the root cause of this whole mess? Why start at the top and work your way up when you could start at the bottom and free up so much more?
  6. Finally, What is this going to do for the average family that has a mortgage, car loans, and credit cards to pay off? Will they see any help, or just the availability of more credit?

If all this plan is going to do is free up more credit, then I hope the House turns it down again. The last thing the people of this country need is more credit. This country's people need less credit and more ways to earn the money to pay for the credit they've already got. Until jobs stay in the US and credit is regulated more strictly, the economic problem is going nowhere.

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