Sanity on bailout
South Carolina Senator Jim DeMint on his opposition to the seven-hundred-billion dollar mortgage industry bailout. Unfortunately, as the Senator predicted in this address, the bill was passed overwhelmingly despite his opposition and that of about twenty-four others.
My hope is that the bill dies in the house. I’ll honestly say that I don’t know what happens to the economy without the bill, but it sounds like whatever it is will happen sooner or later. So, let’s not throw $700-billion more at it, particularly without changing the laws and regulations that caused the mess in the first place.
