The Hill has several articles about the bailout. In this one Sen. DeMint (R-S.C.) opposes the bailout, saying;
“This plan does nothing to address the misguided government policies that created this mess and it could make matters much worse by socializing an entire sector of the U.S. economy.”
“This plan fails to oversee or regulate the government failures that led to this crisis,”
He has company from House conservatives who point out that there is no court review possible in the proposed legislation.
Greider at The Nation calls it a national swindle.
Robert Borosage tells us how we wound up in this mess, citing the very same history I did, and opines that regulation would be a good thing. He could be right about that.
Gretchen Morgenson at The New York Times also laments the skinning of the taxpayer.
Meanwhile, CNN offers up the risk of inaction.
And oil prices climbing again. The undulating plateau is going to keep right on undulating for some time.
I am beginning to think we are between the Devil and the Deep Blue Sea.