Congressional Democrats will save the economy this Friday by letting Henry Paulson, the new president, do whatever he wants about anything, policy-wise. Mostly this will involve giving a trillion dollars to his friends on Wall Street in exchange for some junk mortgages which Paulson will re-sell, to no one, because they're junk mortgages. On the bright side, the dollar will plummet under the weight of all this new debt, meaning inflation will soar, meaning one trillion dollars will be the new 27 cents. Cheap! So who should pay for this, the worst proposal of the Bush Administration since the Iraq war? Let's see if we can tabulate a trillion dollars worth of sucky people's money to take for the big Money Bonfire of 2008.
Which Losers Should Pay For This Bailout?
Which Losers Should Pay For This Bailout?
Which Losers Should Pay For This Bailout?
Congressional Democrats will save the economy this Friday by letting Henry Paulson, the new president, do whatever he wants about anything, policy-wise. Mostly this will involve giving a trillion dollars to his friends on Wall Street in exchange for some junk mortgages which Paulson will re-sell, to no one, because they're junk mortgages. On the bright side, the dollar will plummet under the weight of all this new debt, meaning inflation will soar, meaning one trillion dollars will be the new 27 cents. Cheap! So who should pay for this, the worst proposal of the Bush Administration since the Iraq war? Let's see if we can tabulate a trillion dollars worth of sucky people's money to take for the big Money Bonfire of 2008.