Finally, an economist
Nobel Laureate Joseph Stiglitz: Bail Out Wall Street Now, Change Terms Later
The Senate has endorsed a revised version of the $700 billion Wall Street bailout plan. The legislation was easily approved last night on a 74-to-25 vote with a majority of Democrats and Republicans voting in favor—among them, presidential nominees Barack Obama and John McCain. Nobel Prize-winning economist Joseph Stiglitz says the measure, although flawed, should be supported now and revisited after the November elections.
Since no one is listening to us (now) anyway... OK.
But Mr Stiglitz... you realize this will never be revisited - not even a chance - unless Obama is elected.
McCain - always against regulation of any kind - has gone totally over to the Neocon.
So if this passes congress... we are staking the entire future of our dollar and the economic wellbeing of generations of Americans on the outcome of one election.
Just sayin.
Labels: Amy Goodman, bailout, Democracy Now, government bailout, Joseph Stiglitz, Wall Street
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