Tuesday, September 30, 2008

Not a Bailout--A Rescue

"Why did the $700 billion dollar plan fail? Because Americans, whose phone calls to their legislators have been running 100 or 200 to 1 against, have been told for the past two weeks that it is - to use the term originally assigned to it - a bail out. Only a few days later did Washington start calling it a "rescue."

"Americans don't know the difference. And there is no reason they should. For no one - not Hank Paulson or Ben Bernanke or George Bush or Nancy Pelosi or Barack Obama or John McCain - has really explained why it is a rescue and not a bailout, and what the passage of it means to them."

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