Joseph Stiglitz, Columbia University | October 1, 2008
"It is a glorious day for democracy." ++ With all members of the House up for re-election in November, the rejection of the Paulson plan is a clear indication of the American public will - Wall Street must be accountable, not the tax payers. ++ Americans distrust the Bush administration, question its trickle-down economic theory, and fear more allocations of public funds to political favorites, such as bailing out Goldman Sachs, Paulson's former company. ++ Congress must now create a plan to help tax payers keep their homes.