State Bank

Less than two weeks after this arrogant display by a banker, who is supposed to be working for the people of Maine, legislators there have begun steps in creating a State Bank.
The Bill, LD 1452, sponsored by Democrats Diane Russell and Bobbi Beavers hopes to pull a half a billion dollars of tax payer money from the Wall Street gamblers and use it to fund much needed growth in the local business sector. The story, reported by Barbara Carridi, quotes Russell, "What if we took our tax payer dollars out of Wall Street and invested right here on Main Street?"
What if indeed! Would this work in NH? Is this the kind of legislation that State's Rights proponents and anti government bailout critics could come together on? Could this be a unifying issue for the Tea Party and Democrats, something that the Republicans and Free Staters would support? Regardless of the outcome I applaud Reps Russell and Beavers for thinking outside of the economic box Wall Street has put us in!