Wednesday, October 1, 2008

Senate Voting for Bailout but final vote uncertain

It appears the Senate will be approving a modified bailout plan but the future of the plan in congress remains unclear. What is clear is that mainstreet America is very upset about the plan and that much of the public sentiment is asking for a "no" vote.

Media analysis remains very superficial, using taking the form of "the public does not understand this" rather than providing the type of details needed for an informed decision.

My take is that folks want to see more blood in the water before handing over the 700 billion to the very folks who have managed the crisis so poorly so far.