The Bailout Passed

Image

Well, the Emergency Economic Stabilization act passed the House of Representatives.

hooray…

Amazingly, this passed without any real plan on what to do with the money.

“Treasury Secretary Henry Paulson said he did not wait for final approval of the measure to begin preparation.” [Source]

Oh good…he knows what he’s doing?

Wrong.

Am I the only person who thinks this was just a tad bit myopic? How did they know how much they needed without first figuring out what they were going to spend it on?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s