Video: Michelle slams the mortgage bailout on Fox Business Channel Update: Stock traders cheer the Malkin Three-Point Plan!

President Bush announced his mortgage bailout plan earlier today, and it’s already drawing kneejerk leftish fire from Sen. Clinton. But here’s the more basic issue: Why should Americans who’ve made sound financial decisions have to pay for the mistakes of those who made lousy decisions? There is a first principle at stake in this proposed buyout, but so far Michelle is the only person who’s talking about that.

This clip is from Fox Business Channel earlier today, the first time we’ve have a clip from FBN on Hot Air. You’ll notice a slight video/audio sync issue. FBN is a new channel in the Red Lasso lineup, and they’re still working out a bug or two.

Update: Michelle’s plan finds support on the floor of the stock exchange.