merchimerch (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
merchimerch) wrote2008-09-29 11:28 am
merchimerch) wrote2008-09-29 11:28 am
(no subject)
Oh wow - the bailout bill failed and the DOW is plunging.
Even more shocking, although the Democrats largely supported it and Republicans largely didn't, I was shocked that only 60% of Democrats voted for the bill. I don't think I understand the nuances of the bill, but it did seem as though there were more safeguards for taxpayers than I expected. Perhaps this is why the Republicans pulled support?
CNN says that there may be another vote soon, but wow, just wow.
Even more shocking, although the Democrats largely supported it and Republicans largely didn't, I was shocked that only 60% of Democrats voted for the bill. I don't think I understand the nuances of the bill, but it did seem as though there were more safeguards for taxpayers than I expected. Perhaps this is why the Republicans pulled support?
CNN says that there may be another vote soon, but wow, just wow.
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I have been socialist-leaning for years, but I admit that it does seem unfair to have a free market for profits and then socialism for debt and short selling.