Tuesday, September 30, 2008

The American People aren't THAT dumb

Tell me ONE way that the Paulson bailout plan (or the House version of it) will fix the systemic damage in the financial market, and I'll support it. Yes, it will inject up to $700 billion into the financial industry. That's nice. (Of course, no one mentions the $700b+ it'll take out of the financial industry in treasury paper....) That would help a bit, but it won't fix anything!

If I'm supposed to part with my part of $700b, what will it do to keep this from happening again?

No comments: