Bailout Sadness

I am sad. Not as most people are: I am excited to be living through a time that might be historical. It is that very quality which makes most nervous, but not me.

What makes me sad is that the obvious solution to the bailout, turning the risky mortgages into secure mortgages, is finally being discussed by one of the two presidential candidates. Sadly it is the very one candidate I do not want saying it. It should be the Democrat that is calling for a mechanism to stop people from being kicked out of their homes. The next president will have near complete autonomy over how to distribute the bailout funds and it is McCain that is finally seizing upon that as reason for preference. I will still lobby for Obama because his Supreme Court justices will still be of more significance, but I am saddened by Obama’s willingness to follow Paulson into this morass.

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