Why You Should Hate the Treasury Bailout Proposal
Why? This is good news.
Realistically, some sort of agreement is going to be get done. But, if it isn't getting done immediately, that means that it isn't being rubber stamped.
That means that things like cost, taxpayer protections, control, and alternatives are being discussed and debated.
Unless you're comfortable with a non elected official being given absolute control of the financial markets and a (minimum) 700 billion dollar check, the fact that this deal didn't breeze through is fantastic news!
If someone has a plan to get this done cheaper and with more benefits to the actual taxpayers with actual oversight, I want them to have an opportunity to state their case.