Really Need the Bailout?

[erpowers]

Does this country really need this bailout? Will things really be that bad if there is no bailout? From what I have heard there will be a deep recession, but noone has said depression. If all these banks and investment firms had collasped how would the government have come out of this? Would the government have been able to come out of this. Would the country have just gone thru a rough period in which only people with great credit would have been able to get loans, or would there have been bigger problems?

[progressive_realist]

1. We are teetering on the edge of a second Great Depression.

So yes, some action is needed. Whether this bailout is the correct action or not is, however, thoroughly debatable.

[Andy823]

2. I really don't know

How bad it would be, but it would be bad none the less. What congress has to do is make sure there are safeguards put in the bill to keep Bush and his cronies from wasting tax payer dollars once again on their rich buddies! It can't be simply "blank check"!

Right now it looks like Pelosi is listening to the people and demanding some things that would make sure it was not just a blank check that Bush could do what he wants with it. We will have to see in the coming week just how much the democrats will stand up for the people. I would think that if wall street "really" does need this bailout, that there will be no problem getting some safeguards put into the bill.