Wanna know why some Democrats oppose the bailout bill? Read this. Wanna know why some Republicans oppose it? Read this.
For all I know, they could both be right. Like most of you, I have the financial acumen of a PEZ Dispenser and lack a clear idea of what we need or how much we need it. I sure don't like the idea of us bailing out Wall Street after so many fat cats have raped and plundered and left it battered and beaten. Nor do I like the idea of crashes that will almost certainly harm those on the bottom, perhaps severely.
This is one of those situations where I feel I have to look to our leaders — or at least, the ones I trust more than the ones I don't trust at all. Most of the elected officials who I think have been prudent and wise in the past are in support of the bailout bill…but it worries me that it's a "compromise" bill to get a lot of the folks I don't trust to sign onto it. That means it's probably not as good as it could be. I also worry because I don't trust even the people I trust to be right all the time, and none of them seem all that certain that what they're doing is right. There's an awful lot of "I ain't sticking my neck out for this one until enough of the opposition has stuck its necks out, too."
So far, the only solution I see anyone arguing with any conviction is when McCain and other Republicans insist the only answer, as it is with any problem, is to cut taxes for the wealthiest Americans. That would include all the folks who made off with the hundreds of billions we now have to replace. We wouldn't want to tax any of them, would we?