Bailout…

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The U.S. Treasury building, Washington D.C.Image via Wikipedia
Conservatives Viewed Bailout Plan as Last Straw – NYTimes.com

4 of 6 Ky. congressmen oppose bailout plan – State & Regional – Wire – Kentucky.com

With Congress divided on the bailout plan, I’m glad that my Rep. Ben Chandler at least voted the right way. By the way, chicken little was wrong and the credit cave is hiding the greedy fox.  Common sense would suggest that if the old system failed because of the lack of proper credit; how would a short term bailout correct the system? Besides why should we keep a system in place that propagates credit abuses and rewards short term sellouts without long-term interpretation of market outcomes.

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