Congressman Zach Wamp Votes For $700 Billion Bailout

The bailout was not sanctioned by a large number of economists much more lettered then myself.I cast a simple shadow on things economic.My view is this:

You can't spend more than you make..
You can spend only up to what you can borrow.
No one, person or corporation or government can spend
more than it can borrow...Apparently the losses of insolvent banks are going to be covered by my children.The losses of the brokerage houses over which Mr. Paulson ruled, will be covered by my grandchildren.Better the money be invested in american companies to prime their profit and create jobs...Why cover losses rather than create gain?...How much more fiat will our dollars become when states like California (along with others) are broke?.The European Pundits are right... The US is going broke

Wamp"s constituents clearly did not want this bailout bill to pass. Not only did Wamp ignore the vast majority of his constituents, but he actually went on Fox news and misrepresented what his constituents wanted. He basically said that his constituents wanted him to change his vote to ‘yes’. This is categorically not true. He not only ignored the vast majority of those he is supposed to represent….he went on National T.V. And said that we, his voters, supported it. Shame on You, Mr. Wamp.