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If it were not so sad, it would be humorous. Well maybe it is. I am hoping the American public has finally awoke from its drunken republican slumber of the last 8 years.
When you think about the logistics of this move, it is breathtaking. Paulson and company, who just a couple of months ago, were saying the problems with the financial markets were working themselves out and no intervention was needed. The same Paulson who is lauded from the highest hills by talking heads, has the republicans on the hill saying the democrats are reactionary, and hurting the economy, because they are asking probing questions. That the free unfettered markets always work themselves out. Now remember this was just a couple of months ago.
Now that same Paulson, and company says the country is about to come unwound. He meets with Bush and company, they put out a bailout plan that if we do not sign on too, we will be in a hooveresque movement to another depression. The republicans are accusing the democrats of being reactionary, because they are not stepping up to the plate to help the country. The democrats say okay but we have to have some stipulations. No bailouts for the big wigs, the public gets hardstone collateral etc.
**So, the democrats working for the good of the country, spend 7 days in talks with the republicans leadership, hammer out something that would save the markets.**
Fast forward, Now the republicans from the house, come into a meeting called by the president with all hands on board, and try to scuttle what their leadership worked out with the democrats, because among other things they want to deregulate more and another capital gains tax cut?
Thier minions flank out to the tv commentators, and then start to spew, that this is what democrats do and how they are so willing to spend all this money, etc etc, in essence trying to lay at the feet of the democrats, the bush legacy and presidency, and that the bailout was a democratic idea.
Am I up to speed on this now ??? :mad:
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