Some more thoughts on the bailout.
>The bailout is so wildly unpopular that the Senate has added a bunch of tax breaks to try to get it to pass the House. Putting popular provisions on a bad bill is like putting frosting on a turd. The bad parts outweigh the good parts so much that you just shouldn't swallow it.
>The bailout is totally unnecesary and harmful to boot. There are still financial institutions that are solvent, so individuals and companies can still get credit. Instead the bailout will help failing companies to continue their irresponsible practices.
>Both bailout proponents and opponents agree that there will be a recession no matter what Congress does, but there still seems to be an impulse to do something drastic. It's like using electroshock therapy to treat a cold. The patient will get better on his own, but the doctor still wants to do something to justify his hefty bill.
>Ever stop to think what kind of precedent this could set? Unprofitable companies in every sector will have their hands out looking for a bailout. I suspect that it may even cause a few well-off corporations to cook their books to include red ink so that they can qualify for a subsidy.