Bailout plan Fails to pass, Markets Plunge

The bailout plan failed to pass the house. Despite claiming the plan would pass, House Republicans didn’t back the bill. Many Democrats didn’t back the bill either. While Senator McCain took credit for joining the parties and rescuing the bill, the bill didn’t pass. So he rescued, I’m not sure.

The credit crunch continues. Maybe we need a simplified “New Credit” plan that will inject the needed credit to people that need it, rather than using money to buy “old, bad credit.”

Another mark to show the need for a new third party in America, maybe the “American Party” or “Reform” that could really put the country first and hold the other two sides accountable.

Nothing changes the fact that the economy needs an injection of credit, can we at least get that done.

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One Response

  1. […] The bailout plan failed to pass the house. Despite claiming the plan would pass, House Republicans didn’t back the bill. Many Democrats didn’t back the bill either. While Senator McCain took credit for joining the parties and rescuing …[Continue Reading] […]

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