Let’s put the $700 billion in perspective. That’s not even as much money as Obama is wanting to send to the U.N. as part of his Global Poverty Act in his effort to wipeout global poverty by 2015.
This is the perfect time for McCain to do an ad about this.
“Let’s put the $700 billion in perspective.”
Yes. Let’s.
This is a $700 BILLION wealth transfer from the public treasury to the incompetent nincompoops on Wall Street who started this mess in the first place. While we as taxpayers won’t have to make payments on this $700 BILLION this second, we as a country will have to pay for it eventually. Either through higher taxes, a dilution of the currency, or by passing it off to the next generation. Probably a combination of all of the above. And for what? So the markets can avoid a long overdue correction that is going to happen (gasp!) during an election year?
Socialism is socialism whether you put a Republican or Democrat brand of cheap perfume on it.