tk6910

It's a Bull Market in Government Intervention

Remember when Paulson used the bazooka analogy to coax a blank check from the Congress to save Franny? At that time, the estimate the taxpayers might have to fork out if his plan did not stabilize the GSE was about 25 billion dollars. The tax payers are tapped for over 200 billion dollars MINIMUM for Franny so far.
Now Paulson is asking a blank check from the Congress to the tune of over 800 billion dollars. Apparently he has moved up to using a nuclear bomb. And the true cost will be in trillions of dollars.
Time and time again, Paulson has proved that his words are meaningless. Remember how he reassured us in 2007 by saying that the US and global economies were never better? If the Congress goes along with his proposal again, there is something seriously wrong with the workings of our "democracy." All the incumbent senators and congressmen should be thrown out with Paulson. More importantly, vote against the presidential candidate that sympathizes with Paulson's plan.