$700,000,000,000

[monk222]

The New Deal never acted so precipitously on such a scale. Treasury Secretary Paulson, asked about conservative complaints that his rescue program amounts to socialism, said, essentially: This is not socialism, this is necessary. That non sequitur might be politically necessary, but remember that government control of capital is government control of capitalism.

-- George F. Will for The Washington Post

Congressional hearings are in earnest for a more comprehensive $700 billion dollar bailout of Wall Street. As if that weren't bad enough, I'm afraid that they will be back next spring crying that they need another trillion and a half that would really solve the problem, but then China won't give us the money and we will just start printing worthless dollars.

For debate: This administration has fucked us deeper and harder in the ass than any administration in American history, taking us down from being the world's only superpower to being a second-rate country.

Heck of a job, Dubya!

Comments

[neowiccan.livejournal.com]

doesn't it seem just completely and utterly insane to you that an administration that has done to us what this one has is still functioning, and not under indictment en masse?
or that, impossibly, their utter policy of fail may actually win another election?
my great grandkids won't see the payoff of this debt.
khairete
suz