Posted by Helen on: 10.01.2008 /
I thought this was a good article about why everyone is affected if the bailout doesn’t pass.
One particularly favorite mantra of dissenters was that the bailout amounted to saving Wall Street tycoons from their own bad decisions at the expense of tax payers.
This “Wall Street versus Main Street” mentality, though, is far too simplistic. It neglects the simple truth that the failure of the government to act on the current financial crisis will directly affect all Americans, not just traders and banking executives.