I am against Bush Administration's 700-billion bailout plan. Here are my reasons:
1. The bailout is just a plan of "cash for trash" to help Bush's friends in Wall Street.
2. The US government can simply provide loans, with interest, to those financial institutions who need cash for liquidity. This way, these folks will still be responsible, and accountable, for the mess they made. But if the US government bought those junks, these folks would be off the hook immediately.
3. The Bush Administration have duped American People more than once, all in the name of emergency. Remember the PATRIOT Act (which has nothing to do with patriotism)? Remember the War on Terror (which is actually a war of terror)? How can American People trust this administration?