So, unless you've been living under a rock you'll know that the Bush administration is asking for $700 billion to bailout Wall Street.
The need is urgent as "the entire economy is in danger", said President Bush in his address to the nation today. Congress, on the other hand, is in no mood to be hurried along (Rep. Mike Pence of Indiana - a Republican, actually - has the best quote so far on this. He said:
"I must tell you, there are those in the public debate who have said that we must act now. The last time I heard that, I was on a used-car lot ... The truth is, every time somebody tells you that you've got to do the deal right now, it usually means they're going to get the better part of the deal." (Source)
I'd like to ask you, dear Neatorama readers, a simple question: Should we bailout Wall Street? Why or why not?
Photo: A demonstrator holds up a "Fail" sign behind US Treasury Secretary Henry Paulson and Fed Reserve Chairman Ben Bernanke during a Senate hearing. (Chip Somodevilla / Getty, via The Denver Post)