Monday, September 29, 2008

Why It Failed.



Republicans were so quick to call Barack Obama an elitist. Had they bothered to look up the definition and the application of the word, they would see that today, in the wake of the bailout’s failure, the word applies to them. Instead of vulgarizing what the $700 billion would actually do and deciding to forgo an explanation in lament terms of how all those billions could actually help Main Street, the Republicans chose to use big financial terms, pie charts, and clumsy spokespeople. The result? No one (and I mean NO one) fully understood the bailout plan. Not the House of Representatives and not the people who voted them in that House.

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