The United States House of Representatives is currently ‘debating’ over the proposed bailout bill. It’s been interesting to hear the people cross the aisles and argue for the different stands. Democrats and Republicans are NOT in agreement with one another or with their own parties.
On the side of supporting the bill there has been one resounding cry – the crisis is upon us and we must act now even if we don’t like the plan. I noticed Thursday that the experts were predicting a financial collapse if something wasn’t done by the opening of the market on Monday morning. That deadline has come and gone. And yet the people in the House are still crying wolf.
On the side of voting no the cry has been to SLOW DOWN. Most of this side is all about hearings and finding the best plan to bailout the mistakes. They are not saying ‘just let the businesses fail from their own bad decisions.’ But they are not talking about throwing billions or trillions of dollars at a problem that only seems to take the money and grow larger.
The vote in the House should happen any minute now. It will be interesting to see if does pass. And if it does pass then it will be interesting to see if the Senate follows suit or mans up and says this is NOT the best solution. The experts are still predicting disaster, but so far the experts have been completely wrong.
*Update* The first attempt at passing the measure did not pass.