Friday, September 26, 2008

Financial Crisis

WASHINGTON - A Republican rebellion stalled government efforts Thursday to avoid economic meltdown, a chaotic turnaround that disrupted the choreography of an extraordinary White House meeting meant to show joint resolve from the president, the political parties and the presidential candidates. Instead, the summit broke up so bitterly that Treasury Secretary Henry Paulson got on one knee before Democratic leaders in a theatrical attempt to salvage talks.

http://news.yahoo.com/s/ap/20080926/ap_on_bi_ge/financial_meltdown

I'm not sure if I support the bailout or not. On one hand, it will help the economy hopefully, and prevent a possible depression. On the other hand, it rewards people who made bad decisions and will cost tax payers a TON of money.

It seems like it always comes down to the bitter differences between the two parties. It's so hard to come to an agreement, as this failed bailout meeting has shown.

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