W Speaks

I haven’t really completely digested the President’s speech, even though it was a straight forward. I’m pretty sure this bailout is necessary, or perhaps I should call it, the lesser of two evils. Still, I think the kids in DC need to be supervised very closely for the next few years. I also think the kids on Wall St. need to be watched as well. In the mean time, I’ll be very interested in what happens at this White House meeting. I think by the end of the day we’ll see who is taking a lead and who is vacillating.

On the other hand, someone for whom I have a great deal of respect, a person who I think is very very smart, especially on exactly this sort of thing, Newt Gingrich, just came out and said it’s a “very bad plan” and called it “the worst kind of socialism.” I tend to agree, but I’m not sure what else can be done. He has some good ideas about “working out” the problem instead of bailing it out, and changing the way we look at the market, but I think the problem is too immediate for those things to be implemented both quickly and efficiently.

Also on this: Michelle Malkin, Gateway Pundit, Political Punch.

Tags: Bush, Economy, McCain, Obama