Friday, October 3, 2008

Update from Washington...

The "financial rescue" bill has passed, by a decent margin.
It will now go to the president, and he will of course sign it.

As conservatives, all we can do is hope that the measure will stabilize the economy and the markets. And we must also hope that this massive governmental intervention won't make things worse sometime down the road.

On that last point, though, we can't be too hopeful, unfortunately.