with 5% of the 800+B going towards actual infrastructure, the truth is revealed about promises made. The ones that matter are the long standing ones made to supporters early in the process, years ago, behind closed doors. Private promises made by public faces. If you wanted a real stimulous for the economy you would remember […]
Tag: paulson
Automakers next in line for bailouts
Having relinquished the moral high ground by bailing out preferred insiders in the investment banks, the Goldman Sachs administration and President Paulson now have to decide who shall be the winners and losers in the auto industry next. The functional argument is that if you dont bail us out with public money, we will go […]
A Bailout dialogue between two mice: K & M
Let’s listen in on 2 friends: K and M, discussing the bailout plan K: of all the places we jumped to, we chose 850B as the landing pad though? i think all existing mortgages should have been maintained in an escrow acct by the government then all properties auctioned off at a fire sale. then […]
We have the leadership we have earned
It was only a few short days ago as you will recall, that a truly terrible bailout bill was surprisingly defeated in the House of Representatives by a margin of 13 votes. The representatives who voted against the bailout bill were widely regarded as heroic by standing up to the face of social and political […]
Congressional malpractice: fire them now
While the Dow experiences its worst point drop ever, and the rest of the world is in absolute freefall, our Congress, led by the People’s House, are taking off 2 days to…wait for it…. celebrate the Jewish holidays! You can’t make this stuff up. Unbelievable. If they were doctors , you’d sue them for malpractice, […]
A Bailout Alternative
Let investment banks go bankrupt, and their assets should be auctioned by the government as if they were people that had died intestate. Proceeds of the estate sale should go intot the general fund to be applied against the national debt The government should act as a caretaker to continue to receive current mortgage payments […]