I'm not really sure there is much more to say on this. I've pretty much covered why I do not like the idea of dumping money into the economy. It won't do anything but prolong the suffering and end up making matters worse. Our politicians don't seem to understand history and how we're so very willing to repeat some of the biggest mistakes we've made in the past century.

The only solace I get in this whole matter is that my representative, Tim Walberg (R-MI), voted against the bailout both times. Carl Levin voted for the bailout on Wednesday, so I'm hoping that hurts his chance to win in November, since he's up for re-election. Other than that, this has been a complete disaster.

I am incredibly happy that this bailout was voted down. The Capitalist market does not need to be tampered with. Everybody insists that Capitalism needs a little regulation for it to work and continually blames a lack of regulation for the continued struggle of our economy, but the fact is that the market has been regulated far too much, and that is the cause of this strife. After all, the federal government did essentially force these corporations to give out money to people they otherwise would not have because of the tremendous financial risk. Now the federal government wants the taxpayers to hurt even more to fix a mistake that they and the corporations made? I hope they do not expect to take it from my pockets.

I do agree with trickle-down economics. At least, I agree with the principle that corporations with money can hire more people and produce more goods to sell to more people with jobs. However, I certainly do not agree with focussing on that heiarchy as a way to stimulate the economy. Bailing out these corporations may help the economy in the short term, but it is clearly a long term disaster. The only way the economy is going to be fixed is to let the market renew itself. Out with the old and in with the new.

By forcing the people to pay an estimated $1.8 trillion dollars for all of the bailouts, including this $700 billion bailout plan, we are not going to do anything to stimulate the economy. We will be further bankrupting the government and the people. This will just cause more inflation, further weakening the dollar, and the people will be paying for it. It is the same reason why minimum wage is a disaster. Not only is it not the government's job to regulate the economy, the short-term gains from these regulations are no where near worth the inflation that we have to deal with.

Plus, those corporations should suffer for their own stupidity. I am not for helping the rich stay rich because we want to temporarily fix the economy. Let those at fault deal with the consequences of their actions. I do not think that bailing these corporations out will make the corporations learn anything to prevent this from happening again. They will just learn that the government will gladly hand over taxpayer and foreign money to them when they act stupid.

Oh, and my representative voted no, did yours? As for today's vote in the Senate, I fully trust that Carl Levin and Debbie Stabenow will vote for the bailout. In a sick, twisted sense, I hope that they do vote yes for it. I'd love to see Levin lose his seat in the Senate this November, but that is a different rant...