So no one’s written anything here yet about the proposed $700 billion bailout of the US economy. I don’t think I have anything profound to say, but I suspect there might be some YAR readers out there with some opinions. I bet you can do better then Governor Palin did with Katie Couric yesterday when asked whether the bailout is a good idea:
That’s why I say I, like every American I’m speaking with, we’re ill about this position that we have been put in where it is the taxpayers looking to bail out. But ultimately what the bailout does is help those who are concerned about the healthcare reform that is needed to help shore up our economy. Helping the—it’s got to be all about job creation too, shoring up our economy and putting it back on the right track. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions and tax relief for Americans and trade—we’ve got to see trade as opportunity, not as competitive, scary thing, but one in five jobs being created in the trade sector today—we’ve got to look at that as more opportunity. (as quoted in Christian Science Monitor)
So consider this an open thread for any insights or thoughts you have to share on the current state of the US economy or the intense politicking/backstabbing/nose rubbing going on today in Washington.