Today is the next critical step in the road to the passage or failure of The Bailout Bill. This is the day the Senate takes up the matter of the legislation with Senators and presidential candidates Barack Obama, John McCain, and Democratic VP candidate Joe Biden expected to attend for the voting process.
According to the Huff Post, the new version of the bill has tax reductions in it to gain more Republican support than the last version.
The vote takes place tonight.
Average Voters Don't Get It
What's upseting to me is how many people just plain don't understand the problem we face. Senator Hillary Rodham Clinton said it best when he observed that "Commerce could stop", and Russian president Vladimir Putin claimed that “Everything that is happening in the economic and financial sphere has started in the United States. This is a real crisis that all of us are facing," the former president told a government meeting in Moscow.
“And what is really sad is that we see an inability to take appropriate decisions. This is no longer irresponsibility on the part of some individuals, but irresponsibility of the whole system, which as you know had pretensions to (global) leadership."
What's galling is that Americans don't seem to understand how their finances are tied to Wall Street and the World Economy.
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