Monday, September 29, 2008

The Failed Bail Out Vote

See if you can spot the error in this statement:

We had to do something.
This was something.
Therefore, we had to do this.

Do you see how that doesn't quite work?

The current economic news has almost eclipsed the presidential race. The last debate, which was supposed to be about foreign affairs, was spent almost exclusively discussing the candidates vision for the bailout.

In my position as a bank manager, I've been inundated with calls from concerned customers - little old ladies (along with customers of nearly every demographic) who are worried that they're going to show up to cash their pension check and there will be a padlock on the bank's door. What's driving the fear? Mostly, it's Democrat doomsayers who are saying if we don't get this bill passed in the next 30 minutes the world is going to end.

Hopefully, cooler heads will prevail. Let's talk about this for at least a few days before we break out ours kids' and grandkids' piggy banks and write a 700 billion dollar check. I admit we need to do something. We don't necessarily need to do that.

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