America's Ms. Right strikes again and is right on the money as usual. While being interviewed today by Neill Cavuto, she raised the same question I've been asking. Was there really a dire, credit crunch crisis and why the big bailout of a problem that may not have existed in the first place?
As Ann so aptly asks, if banks are in the business of lending money why would they stop lending money in the future to people who are good credit risks, with or without the passage of the bailout bill? Good question. It almost seems like an exaggerated, doomsday scenario was created to cover up government incompetence. Of course, the response of Obama and his party was to correct this government incompetence with more governmental controls. Another missed opportunity for McCain and the Republicans, and another defeat for America.