Bush and Paulson have assured us that there is nothing about which to worry, the economy is sound, there is a "tough time" now, but that it's going back to normal.
And then all at once it becomes necessary, absolutely necessary, to given one man, Bernake, unelected, $800 billion with which to do as he pleases or the entire financial world will collapse.
As the country bails out the wealthy, leveraged people, protecting them from losses and piles a huge burden on those to whom taxes matter, Paulson reassures us again it's all fundamentally sound.
If it's sound, then take time on the bailout. Better yet, let some folks lose the tax cut they invested in hedge funds. I really don't care how many billionaires are reduced to millionaires, and do care that I'm taxed to keep them billionaires.
If it's "sound", what's the rush? Why do it at all? As it is the American taxpayer is going to be paying Bush's folly for many generations. Why add to the burden to keep the wealthy, wealthy.
(Someone is going to say how it's good for ALL AMERICA to do this. I can feel it coming on.)
Arf
If the economy is fundamentally sound why is an instant $800 bailout necessary?
The whole thread (53 posts)
- If the economy is fundamentally sound why is an instant $800 bailout necessary?
- Think of it as an economic "surge".
- Just had a terrible thought
- What we have just witnessed is the final triumph of Reaganomics, (n/t)
- No.
- Missed again.
- "I'm sorry, but people blaming this on capitalism or free-market economics are, to be blunt, ignorant on this subject, willfully or otherwise."
- And, on the subject of regulation and deregulation...
- No.
- "Why add to the burden to keep the wealthy, wealthy"
- Never trust the "this price is only good until you leave the showroom" deal. (n/t)