I was listening to Lou Dobbs yesterday and was at first surprised to hear that he was cheering the failure of the rescue (wall street bailout) package in the house. I thought sure he would chime in to blame the house republicans for the failure, but he took the high road and cheered it for the right reason. We don't need the government (the worst run company in the history of companies) to try to run the financial markets. We need to get rid of the bad regulators, add some good oversight of the markets and let business take care of business. There will be some pain for a while, and there may even be a company or two worth investing in. Note I said investing... We should only enter into an agreement to help a company if that help will be an investment that looks like it will pay dividends to the treasury. If it will not, it's not a company worth saving. Let's stop listening to the doom and gloom of the white house and the congressional leadership. Unbelievable at this point that Pelosi and Reid are agreeing with Bush... they want programs and more bureaucracy, nothing else. I think the leadership believes that if they support this bailout, they can then come back to the public later and get more socialist programs passed. The madness has to stop. Lets all take a breath and think about this. Call your representatives in congress and tell them to stop using the scare tactics and get some real advice from some good economists. Then they'll see that this whole bailout mess is just that, a mess.
