25 September 2008

Unanticipated Consequences III

The Congressional Budget Office sounded a claxon horn warning today cautioning that the bailout rather than helping could exacerbate the current crisis, forcing a series of additional collapses in the financial markets as inflated values carried on the books had to be clarified and shown for their real value (or lack thereof).

The Bush team failed to clean things up when Enron, et al., went under and have continued with their trickle down, unregulated Reagonomics. Their proposed bailout is the hugest trickle down ploy yet.

Vote "NO" on bailout!!
Vote "Yes" for mortgage relief and trickle up!
UPDATE: Many economists warn against rush to bail!

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