Is there anybody out there who’s all for this Wall Street bailout plan?
10 comments September 21st, 2008
I’ve spent much of the day watching TV and combing the Internet, and I’ve yet to find anyone, liberal or conservative, who’s fully in favor of the proposed bailout plan as it’s currently written.
Barack Obama, among countless others, says he wants changes in the plan. And conservative pundit Bill Kristol said on Fox News this morning that John McCain might come out against the proposal.
On both the left and ride sides of the broader political spectrum, there are lukewarm supporters and vehement critics of the plan alike. Whatever else can be said of the scheme, it’s not something that has created clearly partisan lines for or against it.
It’s strange that there seems to be nobody who thinks Henry Paulson’s draft of the plan is fine just the way it is. Perhaps this is due, in part, to a reluctance among conservatives to show enthusiasm for what nakedly amounts to socialism for rich folks.
Here’s the TEXT of the plan, if you haven’t read it yet.
UPDATE: Some lawmakers are ENDORDSING the plan in principle, but they all want to tweak it a little or a lot.
