That's what the Rep. Paul Ryan, the ranking Republican on the House Budget Committee said about the bailout bill, according to ABC News. "It sucks."
Yes, it's government by 10 year olds.
They went on to report that Ryan thinks the bill "has to pass to preserve the free market system and stave off a financial collapse." Even though, you know, it sucks.
I guess we should get ready for the collapse, because the bill didn't pass. Interestingly, the bill failed largely because of Republican opposition, not Democratic, despite what right-wing rags like the New York Post have been trying to tell people. (I don't have a link but they had a political cartoon, and editorials, that tried to paint Dems as the party that blocked the bill.) I'm curious how Fox News, et al, are going to spin this one.
On another note, doesn't this mean everything is going to fall apart now? (Money under the mattress time!) Or not? I admit to feeling very dumb when it comes to matters of economics, especially this one.
Source: ABC News
Image: Wikipedia (interestingly, Ryan's official house.gov web site is not responding.)
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