Post #2

The piece of reading I decided to do my post on is an article in the New York Times on the voting of the bailout plan that is going to take place on Wednesday. The article is titled "Senate to Vote Wednesday on Bailout Plan" and is written by Carl Hulse and Robert Pear. The quote of "It was a delicate balancing act for the architects of the proposal who had to be careful that in adding elements to entice new support they did not lose the support they already had" is interesting because everyone wants to pass this bailout to try and jump start the economy, but they can't agree on something. This is because adding new provisions such as oversight on the use of the money coming in or other controversial parts may achieve support but also lose some. The people on the committees that are handling this issue have to be able to find a balance between having the most productive bill, but also getting enough support so that it can be passed. Many people are still questioning the fact of whether this bailout will even work, because President Hoover tried a similar plan during his presidency and it ended up forcing President Roosevelt to fix his attenpt at a solution for the banks.