Hat tip to The Liberty Papers :

I think Cato makes a lot of sense on this. My only concern...because I'm not quite sure I understand...is if the possible dire consequences of the dollar's value as world reserve currency can be averted one way or the other. That's what I want to know. I'm gingerly less concerned about credit markets freezing up...especially on Main St...and that matters more for me. And I'm less concerned because I don't see it happening. I simply don't.

I've been kinda watching this whole debate on and off with a blank looking "unblank" and skeptical stare. I still remained unconvinced that this bail out is the answer...mainly because I remain unconvinced of the hazy dot-connecting that makes this bail out so crucial to the long term good....or even that it will solve or avert anything that it is trying to solve or avert.

*Sigh*...I just don't know. Is this going to cause my local bank to be virtually unable to lend? I just don't see it.

My hunch is that a painful year or two with true healthy and real light at the end of the tunnel is better than the drawn out tail chasing in store with the bail out. I could be wrong. I could be right. It's just a hunch.