Vermont's Congressional Delegation Votes on the Bailout Bill

I have just read the views of Vermont's Senator Sanders, Senator Leahy and Representative Welch on why they voted the way they did on the bailout bill at the end of last week.

The pieces are mostly pandering political writings to make voters think well of them. Of the three, Welch's was the most cogent and sensible. Leahy's was predictable, but not very informative. Sanders' was worthless, nothing more than his usual rant against business. He is an embarrassment forVermont in Washington, but better there than Governor of Vermont.

Leahy voted for the bill. Welch voted against it first time around and for it on Friday. Sanders, predictably, voted against it because it didn't tax the rich. And the alternative he offered was nothing more than taxing the rich for $300 Billion

While I believe the jury is out on the real value or liklihood of success of the bill, realistically I don't think anyone knows what to do except find a way to create confidence in the financial system and stimulate the flow of credit.