Opinionated News

The bailout plan wasn’t going to help the majority of Americans.  Anyone paying taxes was going to take a hit financially to bail out companies whose executives have been living a life that the average taxpayer only dreams about.  Of course the public weren’t happy.  Well the House voted and lookee here, the people won!  Why are the parties talking about blame?  I’m confused!  There is no blame.  There is a sense of relief the system works, that nothing should be taken as a foregone conclusion until the votes are actually counted. 

There is a buzz about the fact that Nancy Pelosi gave a speech that made some of the House change their minds.  Are they so easy to be led?  Having read the plan’s details, and discussed with their staff as to how their voters would react to the Bailout, they reached a decision.  Do the disappointed people really think that a speech by Pelosi is going to change how they’re going to vote?  I doubt it. 

The Bailout was bad for average America and America is soon off to the polls.  The House did the right thing, probably for the wrong reasons, but the right thing nevertheless.  I have to wonder however if this had happened 2 years back, or 2 years from now, if given the same circumstances without the shadow of a general election, if members of the House would have voted the same.  My opinion is that unfortunately I don’t think they would have.

Now we await to see if the lawmakers can revise the Bailout Plan so that it is as acceptable to the American people as it is to those on Wall Street.