Responsibility and the Bailout: Will They Resign If It Fails?

By Dean Baker - October 2, 2008, 5:58AM

Today's the big vote. The nation's political leadership has carried out a full court press for this bailout. They have frequently ignored the facts and commonsense (since when do we make policy based on stock market swings?) and repeatedly tossed out the specter of the Great Depression to push their case.

It's clear that the overwhelming majority of the public thinks that this Wall Street bailout stinks, but Wall Street has immense political power and it is likely that it will get its way.