How much was that?

"All told, the potential cost to the government of the latest bailout package comes to $2.25 trillion, triple the size of the original $700 billion rescue package, which centered on buying distressed assets from banks."

Yes, like any government program it's now three times it's original size and the scope has far exceeded the original mandate.

One thing that always confused me about the Soviet Union. How was it that Stalin was able to consolidate power in a lowly position like Secretary. He simply ceded himself more power by taking control of the party that controlled the government. So, if Barry wins in November, Democrats will control the White House, the USSC, and both houses of Congress. By passing this Republican led insanity, they'll be handing near total control of not just the Treasury but the banking sector of the economy to one man who is neither elected nor, per the bill, answerable in any court. Paulson's successor will have enormous sweeping powers to reward, punish or destroy an enormous piece of the economy. Picture Philip Dru but without the vanishing part.

I hate to use the "f" word but this is more akin to fascism than socialism.


Popular posts from this blog

Quote of the day #2

Sean Thomas Lugano

it's all about control