Economic Snapshot: Where Else Can We Get $700 Billion?
Our unscientific poll.
So, after Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke answered the burning questions of lawmakers over the proposed $700 billion bailout plan and the President appealed for its expeditious passage, it's almost a done deal.
But according to a recent Bloomberg/Los Angeles Times poll, 55% of Americans would prefer not to see their tax dollars used to stem the collapse of private institutions, regardless of the outcome. Unfortunately, the cost of inaction is too great.
To keep faith with the American people, maybe the government should ask itself, as we have at Minyanville: Where else can we get $700 billion?
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