I’m pretty left-leaning, as most here know, but am 100% opposed to these bailouts and the way Obama’s handling the situation.
We DO need some sort of stimulus, but this does NOT mean we should bail out the banks. Obama seemed to have the right idea when he was talking about infrastucture, healthcare, and transportaion technologies. We need jobs, and money needs to go to the lower and middle-classes (via jobs) where the pain is being felt most. Bailing out the banks is even worse than doing nothing, IMO.
Paul Krugman has the right idea WRT nationalizing the banks, IMHO, and he’s no right-wing freak.
Obama talks a good talk, but his political appointments and policies thus far show where his loyalty really lies.
