Monday, November 24, 2008

Will the third plan work?

Since September, the government has announced three different plans to “bail out just about everybody.”

Here is what the NYT had to say:

“The [third] plan, emerging after a harrowing week in the financial markets, is the government’s third effort in three months to contain the deepening economic crisis and may presage other multibillion-dollar financial rescues.”

There seems to be total panic in the Bush administration right now. It is their baby. They created the current mess with their “anything-goes” Capitalism and their de-regulation of the financial markets.

Another crisis, another guarantee

Bush, Paulson and Bernanke are giving the taxpayer the royal f**k without KY jelly.

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