It is probably way too complicated for reporters to understand. We are dealing with reporters here.. not exactly the brightest bulbs.. These are the same folks who couldn’t read Exxon’s annual reports or understand upstream/downstream and think that an expense (wholesale price of oil) is somehow a profit to them..
WASHINGTON, Sept 20 (Reuters) - A Wall Street bailout package being proposed by the Bush administration would cost $700 billion, according to a legislative proposal given to Congress on Saturday. A copy of the draft legislation, obtained by Reuters, also calls for raising U.S. borrowing authority to $11.315 trillion. Congressional committees were to be briefed on Saturday on the legislation, which could be weighed by the U.S. House of Representatives and Senate as early as next week.
I want to see that draft, so I can see how much pork the Dems add to it!!