It looks like you, me, and all our fellow taxpayers will not be chipping in more than $5,000 apiece to bail out Wall Street. (They will not be sending it back to us, so don't get too excited.)
The Wall Street Failout makes me proud to be an American. Across the country, voters' personal BS meters went off, as constiutuent pressure had a big hand in killing this bill. (Of course, Nancy Pelosi's campaign speech didn't help.)
Our elected representatives are now trying to come up with some kind of solution, but this is a good time to trust the wisdom of the people. Much of our current mess was created by government intervention in the first place, as the well-researched video below chronicles (and even though it's 11 minutes long, it's worth it). It seems unlikely that the cure for a government-created problem is more government.
Est. 1979
Jim Eltringham...
...lives in Arlington, Va. and works in Your Nation's Capital. By day, he specializes in new media and online mobilization tactics for grassroots issue campaigns. He has lectured on grassroots organizing, message development, and media relations to audiences ranging from campaign veterans to political science classes to campus activists to independent filmmakers.
But this is just his personal blog, which may or may not have anything to do with that.
But this is just his personal blog, which may or may not have anything to do with that.
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