Friday, December 05, 2008

Barney Frank...

is right when he talks about bailing out the big 3 automakers, and says that for Congress "to do nothing, to allow bankruptcies and failures in one, two or three of these companies in the midst of the worst credit crisis and the worst unemployment situation that we've had in 70 years would be a disaster."

Further, it would be criminal dereliction of duty, especially in light of today's jobs report showing 11 consecutive months of job losses, so I strongly agree with Rep. Frank, Chair of the Financial Services Committee, that action is required and fast.

Indeed, as goes Pompeii, so goes Rome.