So now that it seems that the 700 billion may have been a mistake what do we do now? Granted some have said that enough time has not been given before we can question the validity of the plan. This might be true, I'm not sure how fast the congress works after they have enacted a plan.
Though one thing I do know, the markets issues went from some peoples problem to every ones who pays taxes. So we all now a forced interest in keeping crooks and thieves in power. So the question is how do we measure success and how long should we allow our money to act like a salve to the deep wound caused by the housing crisis? Once again it is to soon to see the the long term effects. The immediate ones have shown us this may have been a rash decision brought on by a desire to want to help.
So what is the correct thing to do? I have no idea, the level in which these people fucked up we will still be finding issues for years.
Tuesday, October 7, 2008
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