Friday, October 3, 2008

The Bailout: The Lesser of Two Evils

In the recent economic situation, the government passed a "Rescue Bill" to bail out the mortgage industry and our general economy. I am not an economics expert or anything like that, but I know how this choice was made. The government leaders made this decision based on the lesser of two evils.

The Rescue Plan was not an ideal arrangement. It is not like we wanted to do this. But having our economy be in a complex struggle is not good, either. So the decision was between doing nothing and leaving the economy how it is in its current troubles or instituting this 700 billion dollar Rescue plan that will affect the overall budget but help out a desperate mortgage industry.

And the leadership chose the lesser of two evils: and that is why we have the Rescue Plan.