September 22, 2008

The Plan

Everybody hates it, left and right. A 700 billion dollar bailout of Wall Street is going to be incredibly easy to attack. On one side you have the Bush administration claiming that the world will end without it, on the other you have the fundamental wrongness of the whole enterprise. The initial proposal is 700 billion, no strings attached, spent at the complete discretion of the Bush Administration. I figure something gets passed, but a lot going to get added, like relief for regular folks and regular beatings for financial hotshots. This is going to be an interesting week.

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