Let's Try It Again

Currently our country is headed into a financial crisis like most of us have never seen and Congress shoots down a Bailout plan because it is not sweet enough. How much irrelevant content will be added to the new bill and how much extra is it going to cost the taxpayers? The USA Today Opinion article titled, Bailout: Good, Bad and Ugly is a well written mostly non-biased writeup of what has happened and what needs to happen.
The author of this article breaks up his opinion of the bailout in three pieces, classifying them the Good, Bad, and Ugly. The Good section highlights the FDIC raising account insurance from $100,000.00 to $250,000.00 giving account holders assurance that there money is safe. The Bad section highlights the Market to Market accounting rules that are used to value assets. With the bailout, regulators will be able to waive these rules, possibly placing unrealistic values on the purchased assets. The Ugly section highlights what it will take to give the bailout a popular or passing vote. Some of these additions have nothing to do with the economic crisis we are facing.
When I read this article I felt that the author was addressing for the most part the general public. He lsits what he belives are the good, bad, and ugly parts of the bailout and states that the bailout should be passed for the good of the economy. Normally the passing of this type of legislature would be considered somewhat left wing, but in this case it almost seemed like a necessity. There were Rebublicans and Democrats alike stepping up to the table to create this piece of legislature to hopefully give our economy a positive spin.
I believe the author is just you average American who is concerned with the state of the economy. He wants something done, but wants a fix that will work and not harm the taxpayers.
Like most Americans I think something has to be done. I'm not sure if throwing $700 billion at a problem will make it go away, but it is a start. I think Congress should have the ability to review and change the bill with the needs of the country. We have to set some sort of regulations on the financial sector. If we don't I belive we will be back in the same position in the future. I am in agreence with the author and believe something needs to be done, but lets cut away some of the fat and just address the problem at hand. It is already a shame that taxpayer dollers are being used to fund this bailout and we need to be certain that the dollars are used wisely and not squandered.