I'm mixed. I also don't know much about the economy so I can't really argue over the finer details. Obviously I'm against the very thought of the idea that taxpayer money from middle class and poor Americans will help bail out companies where high paying executives made bad decisions and yet the working Americans don't get bailed out when their bad decisions lead to foreclosures or worse.
But something has to be done. Unfortunately these companies are too big to fail.* The $700 billion proposal Paulson wants where he isn't held accountable for how he spends it is ludicrous however and definitely should not pass.
*I was listening to the radio earlier and Senator Sanders made a point I really liked about the statement that they are "too big to fail". If these companies are too big to fail they are too big to exist. Once the economy is fixed we need to find ways to insure this won't happen again and that may entail making sure no company gets this massive or entrenched in the financial system that its' collapse could cripple the economy.
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