Republican VP nominee Sarah Palin said Wednesday that the United States could be headed for another Great Depression if Congress does not act on our current financial crisis. This comment was made while doing an interview with Katie Couric in New York. Palin was asked whether a Depression could result if Congress does not approve the Bush administration's $700 billion bailout proposal, she responded by saying, "Unfortunately, that is the road America may find itself on." Palin went on to say that the plan to solve our financial crisis did not necessarily have to be the proposed bailout plan, but that the plan did "need to be some form of bipartisan action to reform Wall Street."
The current financial situation that the United States is in is clearly serious. I believe it will take a bipartisan effort to get us back where we need to be. While the proposed bailout plan may very well work, I think some guidelines and restrictions need to be put on it. It should be assured that taxpayers will see some, if not all, of their money back, and that the often mentioned CEO's will not profit an excessive amount of money from this project. Also, while what John McCain is doing, in the sense of suspending his campaign to go back to Washington to help figure out the financial crisis can be seen as very noble, it would be I think very beneficial to the American people if somehow the debate this Friday could still occur. With so little time left until the election, it is ever important for the American people to know how the people that will be assuming the highest leadership roll in this country will handle our current issues.
http://ap.google.com/article/ALeqM5iNxTApa2sQRu0Xx99P3jt2bEXw7gD93DB3JG1
Subscribe to:
Post Comments (Atom)
1 comment:
I agree that the debate should still occur. Obama said it well I think, "I think it is going to be part of the president's job to be able to deal with more than one thing at once."
Post a Comment