Why Franken has lead over Coleman in new poll

I suggest this Glenn Greenwald post to explain the whole bail-out situation. Glenn claims that it is business as usual:

Bailout follows the 10 normal principles for how our government functions

This is why progressives need to get involved in the Democratic Party. We need to take it over. We need Democrats in office who believe in transparent, open government.

Basically, the current MYTH is self correcting markets. No one looked at the real houses on streets to see more and more empty houses. Everyone doing door knocking these last couple of years gave plenty of warnings, about the huge increase of empty houses. The ghost town quality of some neighborhoods was very scary!

Empty houses indicate total loss to anything connecting to those mortgages. A single bank owner would probably have compromised to have a smaller profit by freezing mortgage payments rather than risk the house going to foreclosure. Multi-owner securitized decision making believed that the risk of foreclosure was "spread", and therefore did not work to prevent foreclosures.

Well the mortgage market did self correct - downward. Now the empty houses are worth even less. Owners who were struggling to make rising mortgage payments on mortgage that was higher than the value of the house, had more incentive to give up.

Add to all of this that the mortgages went into markets that were not regulated and did not have reserves to take any significant loss, so just like the 1929 market crash, very little was needed to crash the whole thing. Yep, the risk was spread enough so the bad decisions of the mortgage lenders caused all financial institutions to start to fail.

Suddenly all the capitalist super rich lenders are begging for socialist solution of bailout from the taxes of working people. Instead of the Democratic policy of government regulation of markets requiring reserves, good accounting, full disclosure of mortgage conditions and risks and other regulations that have kept us safe we have the Republican solution of no regulations with government bailout of any crisis of super rich people. Note that the Republican solution never includes relief for the struggling homeowner who is trying to pay rising mortgage payments in a bad economy. Thus we have a bailout of the richest class on stocks and financial paper from middle class and working class taxes!

Here is the punchline:

The empty houses are still there. More foreclosures are still happening. We only bailed the "lenders" who caused the problem. We did not fix the problem. In other words, we are giving lifeboats to the people who punched a hole in the Titanic, not fixing the hole or minimizing the damage. And just like the Titanic, the rich people get the lifeboats first. Then lifeboats are gone, who is going to save (bail out) the middle class and working class people when the lifeboats are gone?

The problem of government by the Republicans,(of the rich, by the rich and for the rich) is that rich are so greedy, the whole US economy is tanking.