Officials from the Bush administration are on Capitol Hill today, trying to get Congress to hand over $700 billion to bailout Wall Street (“Bush confident on bipartisan financial rescue bill” — Reuters).
“Trust us,” the Bushites say. “The sky really is falling this time. Honest.”
Yeah, right. If you buy that one, I have a stockpile of Iraqi weapons of mass destruction to sell you. You can have it for a measley million, and will come out way ahead of the taxpayers in the Big Bailout, guaranteed. (An article on MarketWatch draws interesting comparisons between the administration’s handling of this crisis and the Iraq War.)
I’m not saying do nothing. But take your time, Congress. Get it right this time.
What the heck — ask to see the books.
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