Bailout Bill is a Lose-Lose for the Dems (but a win for citizens)

[Roland99]

If they voted to pass the bill, when the economy *DID* finally collapse (as it will...just over a few more months instead of maybe a shortened timeframe now), then the Republicans would have pointed to the Dems as having passed weak or ineffective legislation or not passing it soon enough.

If the bill doesn't come to pass, then since the Dems hold the majority, then the short-term fall in the markets lands on the Dems' heads (as Boner is trying to do now).

Of course the 12 years the GOP had control of Congress has nothing to do with it now, eh? Americans suffer greatly from long-term memory loss.


BUT, the failure of the bill to pass is better for us as there is less debt (minimum of $700 billion - pffft...like they'd be reselling assets to make a profit!! ah ha ha ha ha!! - and more likely $1-2 Trillion as other "assets" - credit cards, student loans, car loans, etc. - get added in) and the increasing rate of inflation will be lessened as the flooding of money into the economy won't be happening.

[sinkingfeeling]

1. If the Democrats now say the Bush/Paulson bill is dead and sit down a work out a real plan, all will

be OK. I don't think the stock market will be the gauge of failure or success of any plan.