Ted Rowlands
CNN Correspondent
Morgan Doran did his best to stop the bailout plan. The 37-year-old Los Angeles attorney, who says he’s not a blogger, turned into one while on paternity leave for the past few weeks.
Between changing diapers and enjoying his newborn son he launched stopthehousingbailout.com, a full out assault against the bailout. Morgan, who works in the field of finance, says he thinks the government plan is “appalling,” and wanted to do everything in his power to educate people on the reasons why he doesn’t think this is good for the country.
Speaking by phone, Morgan told me the biggest issue he has with the plan, besides the “appalling” lack of detail, is the ridiculous notion that there is some sort of immediate catastrophe waiting if government doesn’t step in to save the day.
Morgan says everyone knew this was coming and yet just as lawmakers were set to leave town the White House and Treasury Secretary Paulson came running out to scare people into believing that a bailout is needed “right away” to avert dire consequences.
Morgan says he started the website in part because his wife told him to stop complaining and do something about it, and he says the response has been overwhelmingly positive. (Except for a few emails after the House vote failed accusing him of ruining peoples 401k’s.)
Ironically, despite all his efforts to derail the plan, Morgan now says something does need to be done to avoid what he now says could be the government’s self-fulfilling doomsday prophecy.
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