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Many of you have voiced your opinion on the financial rescue of the nation's economy, also being known as the 'bailout plan'.
Who is to blame? Is the plan a good idea? Those are questions that are being debated in our NewsChannel 8 message boards.
"There's enough blame to go around," says HockeyFan. "The president doesn't create the budget, but he does sign the bills. He could've vetoed a bit more, and he's asked for military spending that he knew wasteful earmarks were being added on; and he signed every one of them. Barney Frank is guilty for pushing the irresponsible credit policies. So is Chris Dodd. They point fingers at Bush, but the truth is they bare a lot of the guilt, too. There are people out there taking out loans for houses they knew they couldn't keep up with the payments. How stupid and irresponsible is that?"
"The government has no business bailing out the private businesses," says Glenpool_Guy. "I don't see the Feds bailing individuals who are losing their jobs and homes or helping people prevent bankruptcy."
"Do these people not have money invested in 401Ks, stock market, or mutual funds and understand how important the credit markets and wall street are to normal working people planning for their future," asked CraigJ. "People need to put their pride aside and for a change read and understand what's going on in the market rather than repeating something they heard."
"No bail out," says Flashsmack. "Let the market and the economy go through its hard reset. We as a country have been living way past our means for years."
"It's amazing that our government would vote for this bailout," says JOKER. "If this was any other natural American citizen (taxpayer), we would have to bail ourselves out of the situation."
What's your opinion? You can join the discussion by clicking here.
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