That was the way Ed Schultz contextualized the $700 billion bailout Paulson and Bernanke are trying to push down our throats - or throw onto our backs, depending on how you prefer to look at it. It is the equivalent of winning a $1 million daily for the past 2,000 years. Holy crap!
He also pointed out Section 8 of the bailout plan, which states uncategorically that there will be no accountability for what they want to do with $700 BILLION. So I came home and decided to read the whole thing. The first site I looked at, economicpopulist.org, I had never been to before. When I started reading, I thought maybe they were kidding. So I went to the NYT. Holy crap! I owe The Economic Populist an apology. I just couldn't believe what I was reading until I read it twice, and it said the same thing on both sites. See here: http://www.economicpopulist.org/?q=content/text-bail-out-act-congress-take-action-now.
We are about to get screwed like we never have in life. If you have children and/or grandchildren like I do, then you have to realize the type of future this means for them.It doesn't look good, whether this gets passed, with or without revisions, or not. The again, we've been here before. Read FDR's first inaugural address: http://www.americanrhetoric.com/speeches/fdrfirstinaugural.htm.Keep in mind that he took office during the Great Depression. It looks to me like the difference here is that we have media spin telling us this isn't a depression. We've got the latest buzzwords of "Wall Street vs. Main Street". I'm imagining a bunch of Conservatives across America have that "deer in the headlights'" look right now.
So, did everyone have fun spending their stimulus checks?
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