The bailout idea seems to me like a way to create a new entitlement to a federal insurance system for every home loan in America. We had an ARM in 1992 that went up twice. We paid the new rate. We had another ARM in 1996 that went up and paid that new rate. What did all the people in 2007 do with their child tax credit? What did they do with their stimulus check in 2008? I guess they didn't pay on their mortgages... that's just my opinion.
Sen. Obama voted "present" on the bailout plan?! He and Sen. Biden later voted the opposite of each other?! Sometimes I think I should start a blog called "I Told You So."