Shadowfax: I think you bring up an excellent point. Much of what is being bandied about by both the Dems and Repubs in terms of “rescue” is either useless (it doesn’t really help anyone) or burdensome legislation.

We have two opposing camps in terms of philosophy as well: The Dems with legislation and regulation (which is cumbersome, costly and ineffective) or the Repubs with the “Market will fix all problems” mentality (which is nonsensical in light of the S&L Crisis, the entire decade of the 1980s, the Dot.bomb and now this).

I think Obama’s relative lack of experience as a legislator is coming to the fore and the clunky nature of the proposal illustrates that. (DISCLAIMER: I don’t feel his relative lack of experience as a legislator has anything to do with his ethnicity, character, or his membership as a secret Muslim agitator bent on taking over America for his al-Qaeda masters).