Thursday, October 02, 2008

Senate has passed (a somewhat different) Bill

House will vote on Friday. Instapundit has a comment and Powerline argues against a House approval. Don't let them tell you it's rescue package. It's a bail-out and the American taxpayer will pay and pay again. When they have to pay over the odds, we all suffer. That's before our own government, the European Union, starts introducing its own bail-out packages.

Let us be happy at the opportunity we have been given of saving a system that clearly does not work, reckless banks, people who borrow knowing they cannot pay it back and the sorry hides of politicians who have helped to create the system.