Every time I try to steer the blog in the direction of something other than politics...well, there's not a whole lot going on just now over here anyway (rainy season, but I'm pleasantly busy at work without being overwhelmed, etc.). In any case, I had given up the bailout for lost (that is, I expected the stupid thing to sail through the House), but it's been stopped for now. A nice surprise, but just what were the Dems thinking?! They're poised to gain another 20 seats or so, public opinion is wildly against the bailout, the entire world is counting down the days until Bush goes back to Texas...and they give him a majority of their votes while the Republicans supply the votes against it? Way to snatch defeat from the jaws of victory, guys! I guess I have to give the Republicans credit where it's due for living up to their claims of fiscal conservatism for once.
What should be done instead? I don't know. I do know that taxpayers shouldn't foot the bill, and I also know that the number 700,000,000,000 was chosen at random because they needed "a really big number". One thing I'd like to see changed immediately is the principle of "it's too big to fail." If a bank is too big to fail, it's too big, period.
The selfish bastard in me can't wait to see how far the US dollar sinks against the Singapore one.
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