Wednesday, October 01, 2008

"I don't understand the bailout plan!" This might help.

I found the post linked below to be immensely helpful in understanding the economic recovery plan. It is NOT a bailout plan. No one is getting free money they don't deserve. The irresponsible banks and CEOs are not profiting off of this either; they would be selling their troubled loans to the government for a loss.

Bailout or bonanza? Part 1: what do you do?

I think almost nobody understands the plan. Explanations like the one above are immensely helpful in moving this national debate forward.

Please read it and share it with your friends.


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