...power up the Crystal Ball.
I just can't decide if this big-buck government bail out is the best thing to do for our economy in crisis, or not.
I'm trying to put aside my skeptical attitude of ANYTHING the current administration proposes, and really understand the implications of buying up these bad loans or not.
I'm no economist, but have read and read and read all I could, yet I still just DON'T have a clue.
One on hand if we don't shore up the banks money will stop moving, the economy will falter. On the other hand, it's WAY TOO much of the taxpayer's monies to be bailing out, what I'm now considering, nothing more than white-collar crooks that have already made and spent more money than I'll see in a lifetime.
I know it makes no difference what I think, except that I may actually throw out my opinion to my representative legislator's prior to the actual vote. Still I'd like to be able to be for or against this bail-out plan, and if against it, what do we encourage our government to do?