Monday, September 22, 2008

Foot dragging????

Well, we have to take our knocks on wall street while Congress sorts out the bailout bill. Well, that and a spike in oil prices caused Monday's drop in the dow.

One that only cares about nursing the stock market would be insisting that Congress move immediately. Me? I'm not wild over the drop in stocks, but would rather not see a reckless rush to pass the bailout. So for once, on the surface, it appears that the Democrats might be right in holding up this legislation. Of course this depends upon the details and it is (always) unclear to the average Joe what they are.

Heck, take a few days (or weeks?), hash it out with the Bush Administration and the Treasury Dept and come up with a good bill!!! We might need urgent action, but we don't need to worsen the problem. On the other hand, I agree that legislation needs to be clean and uncomplicated. Democrats often have a problem keeping things simple.

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