Friday, October 3, 2008

Bill finally passed

Bush quickly passed the bailout plan and we now have a basis for our economy to restore. That's not to say that years of debt and mistakes will just disappear with the presence of 700billion dollars. In fact, our economy will probably still be hurting for weeks and months to come. But at least now, we were able to get something passed that will hopefully slow down the current crisis that is going on. And even if our economy heals, I think regulations definitely need to be made in terms of housing and the borrowing/spending of banks. This solution technically is a bailout for the rich sector of the population that is partially to blame for this mess and hopefully, but I still think that in this time of chaos and recession, something needed to be done, and done quickly. So I am not going to complain or disagree with the passing of this bill.

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