Bailout Plan?

The House defeated the proposed economic rescue package today, a bill that would have authorized unprecedented government intervention in the marketplace. While I agree that the U.S. needs a comprehensive plan to avert an economic disaster, common sense tells us that attempting to redesign U.S. capitalism in a little over a week--during an election season, no less--is absolute crazy. While the Democrats delivered their promised votes in favor of the bill, Republicans from across the country actually listened, and defeated the bill. We are in uncharted territory in the financial markets, but rest assured, Democracy, at least, is still breathing. Maybe such a vast plan so quick isn't our best option at this time. Over time we will be able to figure out what needs to be done.