…and we’re here to help YOU.
UPDATE 10/01/08 (3:30 p.m): It is being reported that Senator Jon Tester (D-Mont.) will vote against the bailout. Good for him.
The Government is telling us that the world will end if we don’t give Wall Street a $700 billion bailout. So tonight the U.S. Senate will vote to spend our billions. By all accounts, it will probably pass by a wide margin.
Of course, if Senate Majority Leader Harry Reid gives a partisan speech blaming the Republicans for everything under the sun, like Speaker Nancy Pelosi did on Monday, it might not pass.
Montana’s U.S. Senator, Max Baucus (D-Mont.), says he will support it. Although it has not been disclosed, there’s no reason to believe that Senator Jon Tester (D-Mont.) will not follow Baucus, Harry Reid and Chuck Schumer’s lead and support the bailout – and everything else they tell him to support.
I watched Baucus give a speech on the senate floor earlier today. He said taxpayers “may” get their money back. May?
Others say they don’t know for sure if this plan will work. Great.
Some others say the plan is not perfect. Wonderful.
Normally the U.S. Senate is very slow and deliberate in their work. Not now – there’s money to be spent, campaigning to do, junkets to take, and fundraising! Fundraising on Wall Street will look a little juicer since they’ll have a little more coin after this week. So, who has time for a perfect plan or one that has a better chance of working or even one that assures taxpayers get their money back?
Many elected officials say nobody likes the bill. Why vote for it then?
Others say the bill has gotten better since it has been a few days. Why not wait and make it even better?
Voters don’t quite understand the particulars of this mess. Does anyone? We, the voters, do understand a couple of things: $700 billion in taxpayer money. We understand bailout.
So by the end of the week, we’ll find out if the U.S. House follows the Senate and passes this version of the financial bailout.
Here’s an article about how our leaders got us into this mess.
