Thursday, September 25, 2008
The Wall Street Journal reports Congressional leaders have shown amazing restraint in reaching a deal to allocate only one-quarter of a trillion dollars as the first installment on a plan to rescue the world from an impending financial system meltdown.
The poor and unwashed masses should feel good about their elected representatives having accomplished two important goals before appropriating any money.
Those waiting for the government to bail out the little guy will have to wait a while longer as there are no provisions for easing bankruptcy laws to aid homeowners.
Many view this as a "trickle down" bailout, where, ordinary folks will derive benefits in indirect ways long after hundreds of billions of dollars of government money have been spent and the financial system has been saved.