Tuesday, September 23, 2008

Socialism for the rich only

E.J. Dionne makes some interesting points on the bailout today.
Socialism, you say? We're already into that. The administration's plan amounts to socialism for the rich only.
... and...
(I)f Congress can appropriate $700 billion for Wall Street, where is the help for everyone else hurting in this economy? Isn't it strange that an administration that could not come up with a comparatively modest sum to increase the number of children with health insurance could suddenly find all this cash for the financial industry?
Here's my message to Congress: Do what you must to fix the economy, but be sensible.

1 comment:

Anonymous said...

The thing that would fix the economy faster than anything would be to ban the companies receiving help (which should be loans that they would have to pay back) from paying dividends or granting bonuses to management until this whole mess is behind us.