It's simple in my mind. We can go for the bailout, which could either slow the collapse of the economy or leave us better off if everyone gets back on their feet. The other option is allowing the insurance and banking industries to collapse, bringing the lending industry with them, making credit and mortgages all but unavailable and leading to massive inflation.
Either way, the yuppie immigration my neighborhood is experiencing has started to slow and may stop entirely. At least I'm happy about that.
|