Emotions Running High Over $700B Bailout
According to a recent poll, 55 percent of Americans do not believe that any taxpayer dollars should go to rescuing private companies, regardless of the effect that their collapse would have on the overall economy. Outrage over the plan proposed by Henry Paulson and Ben Bernanke has been steadily growing, with many citizens believing that it is just another way for the nation's rich to exploit the working class. Indeed, the government bailout would protect the fortunes of the upper one percent, but the real question is one that seems to remain largely unanswered: What sort of long-term effects would…
