The only English-language channel that EPI and I were able to pick up in our hotel apartment in Croatia was CNN. There was no radio and as yet we have not bought a set of iPod speakers [that will almost certainly change before we travel again] … so basically we had CNN on a lot. Consequently we are now pretty well informed about current affairs in the United States. The ECONOMY IN CRISIS headlines screamed at us throughout the day and we became nearly as invested in the debate surrounding the 700 billion dollar bailout bill as if we were living in the US ourselves.
We’re home now and have just turned on CNN [with a hint of nostalgia, even though it’s only been around 48 hours] only to discover that the 700 billion dollar bailout has been rejected.
While watching the hoopla surrounding this issue in the last couple of weeks I found myself wondering what the average American thinks of this. I know a lot of people were opposed to the bailout because it meant taxpayer’s money was being used to bail out private enterprises. So – I’d love to hear from some of my American readers on this. [Or others too, for that matter.] What did you think of the bill? Was the US government right to propose the bill in order to salvage what could be saved, or should it not intervene? And what do you think will happen next?
[Second post today, so same weather as before.]