Bailout fails 228 – 205

So, I am not really sure what to think of the bailout failing. I have been back and forth about this since it started. However I am pretty sure I know  the following is true,

  1. It was mis-marketed to tax payers (if you call it a bailout then people will automatically say fuck no). It was really just a poor investment and potentially a costly one.
  2. 700 Billion wasn’t based on anything other than Paulson’s gut. It could have been much much more think trillions.
  3. Partial economic collapse is probably needed to stabilize the system. How it will effect the avg person is yet to be determined but more than likely it means good-bye to any 401 k  value and a significant increase in un-employment.

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