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as i understand things, there is a CREDIT CRUNCH in the US economy. Which means banks do not have MONEY. Which means that they will cut back on giving people CREDIT.
the bailout is supposed to give CASH MONEY to the banks so that they can LEND to businesses, rich, poor, and middle class. It's like a stimulus for the banks.
So, I said I was against the bailout because I didnt want Wall St to be bailed out, but the problem is that the bailout is a bailout for everybody. We cant choose who we want to bailout. It's either everyone, or no one. Bush thinks we should bailout everyone, so does Obama, and so does McCain. I'm kind of torn on the issue.
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