Sunday, September 21, 2008
Whither the Financial Bailout?
Why are we handing Paulson a blank check worth something on the order of $700,000,000,000 to $1,000,000,000,000? (I counted those zeroes very carefully, using words, seven hundred billion to one trillion dollars.) Because, silly, the economy can't, like, totally tank, six weeks before an election. I mean, duh. What's a trillion dollars compared to the horror of Democratic rule?
According to Naked Capitalism, we're just pouring the money down the drain (or, rather, into the pockets of those whose pockets are already rather generously lined.) I see no reason to disagree.
Kiss the US as a first world country goodbye. Goodbye!