Heaven forbid we should tighten credit:
I will continue supporting efforts to pass legislation to restore credit flow to homeowners, businesses, farmers and all the people who, by the very nature of their businesses, need to borrow money to maintain their activity and keep employees,” Lugar said Friday.
That’s Lugar speaking in favor of the $700 billion buyout; he ignores the fact that an addiction to credit is what got us here in the first place. This is Mike Pence speaking against the bailout:
“Republicans improved this bill, but it remains the largest corporate bailout in American history, forever changes the relationship between government and the financial sector, and passes the cost along to the American people,” Pence wrote. “I cannot support it.”
Good for him. Of all that was said by all the pundits and politicians about the bailout in the last few days, Jay Leno had the best observation: A failed president and a failed Congress invest $700 billion of your money in failed businesses. Believe me, this can’t fail.