Quote:
Originally Posted by innerSpaceman
No they don't. They need to do just what they've done. Reject this bullsh!t of $700 billion throwaway of OUR money that won't do a damn thing to solve the financial debacle of banks.
... Perhaps voters will feel differently soon, perhaps not. Right now, the crisis is only in the news. No one's feeling it in their lives. During the Great Depression, no one had to read it in the paper to know there was a great depression. Until people start seeing this as a calamity affecting them, I can't blame them for thinking this is just a bailout of reckless Wall Street Tycoons, and likely a feckless way to prop up global markets that simply can't be propped up at this point.
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While I'm not sure as to whether or not the bailout would help much, I disagree with the contention that voters aren't feeling the crisis in their lives. Three banks in as many months, every customer wondering what's going to happen to their assets, every employee wondering what's going to happen to their job. Approximately one million foreclosures in California alone are predicted for 2008...that's a LOT of people who are feeling this crisis in their lives. Face it...the nation's nervous. And not without reason.