What I know so far.
I’ll say it again: I am not an economist and, unlike a lot of people skulking around the internet at this point in time, I won’t pretend to be one. If there is anyone in my readership who can better illuminate the current economic situation, I would very much like to hear from you.
Hooray for the red, white and blue!
Hey, consolidation of the nation’s wealth into a whole three banks — that can’t be bad for consumers, can it? I can feel my $700 billion dollars growing already, it’s the most awesomely effective bailout ever! I must be sure to forward my thanks to President Pinochet Bush!
And if you wrote to your representatives to stop this bill, why not go ahead and write to them again? If Bush says it’s an emergency, it cannot possibly be an emergency, and if the world economy is doomed to go into the shredder, this $700 billion give-away is not going to prevent it from doing so, and the middle class will end up screwed either way.
And Michael Moore agrees with me, so there. Nyah.