It’s unacceptable that lawmakers have yet to come out squarely in favor of bold homeowner relief in the bailout bill...
We could make a strong moral argument that the government has a greater responsibility to help homeowners than it does to bail out Wall Street. But we don’t have to. Basic economics argues for a robust plan to stanch foreclosures and thereby protect the taxpayers’ $700 billion investment.I don't trust Paulson myself. He is one of them, those who brought us to this place. And I don't think, despite what he says, that he has the best interest of the taxpayer at heart.
I know I am out of my league in this issue but whenever Bush declares a crisis, I flinch and start looking for the lie. Maybe this one is the wolf, I don't know. And it seems that Bush can't pay attention until there is a crisis, or someone tells him there is a crisis.
All in all, I'm ready for a new president. And I want Obama to show some leadership here so I can feel that he will be better. But I find myself missing Hilary right now. PRM