Congress came to an agreement on the bailout plan over the weekend. Treasury Secretary Paulson and the Bush administration were pushing hard for a government mortgage bailout, where the Treasury would buy billions of dollars of bad mortgage debt in order to provide more solvency and liquidity for our country’s financial institutions.

Here is the bailout bill text

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While something needs to be done to prevent massive turmoil in our financial markets, this is the wrong solution. This is simply delaying a larger financial crisis. Historical, the economy has never become stronger as government encroaches more into the private sector.

I wrote about my thoughts here on the national financial crisis:

You can read more about the decision Here and Here.

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