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Responsibility and the Bailout: Will They Resign If It Fails? October 2, 2008

Posted by trouble97018 in Economy, News, Politics.
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Huffington Post

Dean Baker

Posted October 2, 2008 | 06:13 AM (EST)

The nation’s political leadership has carried out a full court press for this bailout. They have frequently ignored the facts and commonsense (since when do we make policy based on stock market swings?) and repeatedly tossed out the specter of the Great Depression to push their case.

It’s clear that the overwhelming majority of the public thinks that this Wall Street bailout stinks, but Wall Street has immense political power and it is likely that it will get its way.   Source Article

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1. Stocks and Bonds » Blog Archive » Responsibility and the Bailout : Will They Resign if it Fails ? - October 2, 2008

[…] The nation’s political leadership has carried out a full court press for this bailout . They have frequently ignored the facts and commonsense (since when do we make policy based on stock market swings?) and repeatedly tossed out the …[Continue Reading] […]


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