I have been seeing and hearing of a lot of opposition to the $700B bailout. I am interested in learning more about the reasons.

bert

Free Market Bail Out

From the description:

President Bush says the $700 billion bailout of Wall St. necessary because he's worried about "Main St." Democrats say this plan has nothing in it for Main St. and needs changes. Ron Blackwell, Chief Economist at AFL-CIO says the neo-liberal policies of the last 35 years have failed. Economis Prof. Ellen Frank of the University of Massachusets adds: "This is clearly socializing risk with returns still privatized" Bio

Ron Blackwell is Chief Economist for the AFL-CIO, where he has also worked as Director of Corporate Affairs. Before coming to the AFL-CIO, Blackwell was assistant to the president of the Amalgamated Clothing and Textile Workers Union, and chief economist of UNITE (Union of Needletrades, Textiles and Industrial Employees). Prior to joining the labor movement, Blackwell was an academic dean at the New School for Social Research in New York (now the New School University), where he taught economics, politics and philosophy.

Ellen Frank , Associate Professor of Economics at the University of Massachusetts, Boston, a member of the Dollars & Sense collective. She is the author of The Raw Deal: How Myths and Misinformation about Deficits, Inflation, and Wealth Impoverish America , was published in 2004.