Friday, October 3, 2008

Here comes the catastrophe

The House is clearly ready to pass Paulson's horror of a bill. This bill will give effectively unlimited discretionary power over the Federal government's economic policy to a man who's been wrong on almost everything for two years in office, who got rich passing off toxic garbage at Goldman Sachs, who just asked for authority to steal $700 billion dollars, and whose plan will cause a Greater Depression by sucking all the money out of the working capital markets and using it to prop up the prices of toxic mortgage derivatives. Oh, and both Presidential candidates have gone all-out for the plan.

Could it really get any worse?

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