Bailout, Bailout, Bailout
I can’t really blame anyone for being tired of hearing about the bailout situation, and whether the proposed legislation should or shouldn’t be passed. The crisis has consumed most media during the last two and a half weeks or so. I think, however, the media is justified in giving so much coverage to the situation at hand. Realistically, all taxpaying Americans should pay attention to what’s happening in Washington.
The proposed legislation is unprecedented. The fundamental dynamics of our so-called capitalistic economy are about to change before our very eyes. I don’t know what the solution is, but I do know many in Congress think they do.
The skeptic in me immediately wants to know who Congress is heeding advice from. It appears to me many are following instructions from the fed and Henry Paulson. Paulson and the fed got us into this mess to begin with, so why are legislators looking to them for solutions?
Congress will vote on revised legislation Wednesday after Monday’s bill tanked. The new bill has stipulations on healthcare as well. The legislation includes a “Mental Health Parity.” Apparently it would mandate insurance companies to offer coverage for mental illness in the same way they do physical illness.
No matter what the outcome, the effects of the crisis are going to become more immediate in many aspects of American life.
