U.S. Rep. Marilyn Musgrave (R-Fort Morgan) voted against the $700 billion bailout of the nation’s financial industries Monday and pushed for a new bill that includes more financial reform and taxpayer safeguards.
I’m not sure I support her stance on Fannie Mae and Freddie Mac, as I suspect these last vestiges of the New Deal (I know Freddie was created in 1970, but you know what I mean) should just be allowed to die. However, I’m starting to think the government needs to do something, though I’m not sure what they could do that doesn’t put us 1 step closer to socialism.
