Let’s Take The Lemon Of The Bailout And Make The Lemonade Of Greater Regulation And Universal Health Care
With the $700 billion Wall Street bailout moving towards a vote in Congress, let us no longer hear that government should stay out of our economy.
This proposal came from a far-right Republican President and has had the support of most Republican senators.
If we can do this, we can have universal health care. If an argument in favor of the bailout is that in time taxpayers will get the money back from the bailout, why not also invest in average Americans? Won’t we also get a return on an investment in average folks?
(Here in Texas, many are making use of government programs to help recover from Hurricane Ike. Even in Texas people are finding that stuff happens and that help is sometimes needed from government.)
It’s clear now that we can have more regulation of our economy and that government can take steps needed to protect Americans from the excesses of Wall Street and irresponsible banks and financial firms.
Do you think your retirement is safe in the hands of an unregulated Wall Street? And in regard to health insurance, do you trust the private sector to ever deliver on the right that all have of access to health care?
I understand the bailout is hard to accept in many respects. Who wants to bailout Wall Street?
It is conservatives from the White House and Senate who have made the case here for government intervention in the economy. We should take advantage of this unexpected support for a place for government in our economy. We should do this just as Franklin Roosevelt turned the Great Crash into something better. Let’s take this lemon and make lemonade.