Just say “No” to the bailout in its present form. Not only has the reach of its rescue been expanded from mortgages to just about any type of financial instrument, but it would give Treasury Secretary Henry Paulson, a Wall Streeter himself, godlike powers including immunity from review “by any court of law or any administrative agency.” Paul Krugman has more.
Another Bushie tries to put himself above the law.
No.
The more Unfortunately-President-Bush and his folks try to reassure me about the state of the economy, the more I’m sure this downward spiral isn’t going to end soon.
Bush held a press conference yesterday to remind us that most savings accounts are insured up to $100,000. Yes, and they have been insured for that amount since 1980 — the insured amount has declined by 61% since then in real terms. That 1980 $100,000 is now worth $262,903.