Obama's Bailout

Obama's bailout plan makes sense. It is important to save the financial markets, but there needs to be punishment as well. Government needs to play a much more active role in regulation. Also, if there is going to be a bailout, the middle and working classes need to be bailed out too. For why should government only help the rich? Obama seeks to limit golden parachutes, which I completely agree with. He demands that homeowners facing foreclosure be able to stay in their homes, another sensible proposition. I would actually go a big step farther, and tie the repeal of the bankruptcy bill to the bailout. If the wealthy can screw up and then force taxpayers to bail them out, why can't regular people screw up and get help too?

Via Cogitamus.