Discussion Draft of Bailout Bill
World History

Discussion Draft of Bailout Bill


Here is history in the making. The Wall Street Journal has the draft of the Bailout Bill. The text here is the agreed-upon draft of the House Resolution for the 2008 $700 billion economic bailout plan. The final version of this bill, if it passes, is likely to look different.

I have to admit I am skeptical. Is giving the rich people who caused the economic mess in the first place a good use of tax money? Will it even solve the problem? However, will failing to pass this bill cause a recession or depression which will make life tough on the tax payers too? I just do not know. I do not think anyone else does either. When in doubt, maybe it would be best to not throw away $700 Billion?




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