Sunday, September 28, 2008

$700 Billion Bail-out Plan, Pelosi Argument

The federal government have been working on passing a bill that would possibly give a $700 billion bail-out for the banks and credit companies that have been struggling due to the countries economic recession. Of course, the taxpayers are worried, so the House Speaker, Nancy Pelosi wants to make sure that the they don't look at the payout the wrong way. "People have to know that this isn't about a bailout of Wall Street. It's a buy-in so we can turn our economy around," she says. Her argument is mostly based off of pathos, for she is trying to convince the taxpayers that they should not fear the fact that they may have to pay more money. She is trying to convince them that even though they will have to pay more taxes, the money will be returned to them in the form of economic improvement for the entire country. Of course, Pelosi stresses the fact that the economy of the country will improve, skirting around the fact that taxes will increase and saying that in the future, we will be better off. She uses ethos by using her position as the leader of congress to have people listen to her. As long as she can convince a majority of congress to vote for the bill, her job is accomplished. I think that she has a good argument, for her emotional appeal for the future security of the taxpayers money is addressing the primary concern of many people. http://money.cnn.com/2008/09/28/news/economy/Sunday_talks_bailout/index.htm?cnn=yes

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