Wednesday, September 24, 2008

The Banana Republic of the United States

Remember when Bush won in '00, and the GoP got all smug about how "the adults are in charge now?"

I just want you to hold that idea, and read the following from Forbes.com:
The more Congress examines the Bush administration's bailout plan, the hazier its outcome gets. At a Senate Banking Committee hearing Tuesday, lawmakers on both sides of the aisle complained of being rushed to pass legislation or else risk financial meltdown.

...some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
Yeah, they just made it up. I'm filled with confidence.

"How much should we ask for?"

"I don't know...what do you think we can get?"

"Not sure. How scared do you think they are?"

"Pretty scared. The press is doing a good job, Joe lunchpail can't fill his tank or pay his mortgage...plus half the congress is on the take."

"I know. Plus we've got Phil Gramm!"

"Good point. Let's make it big. How about a billion -- no! 7 billion!"

"Seven billion?! Come on, man. That's peanuts. Think bigger! How about we just ask for the deficit Bush racked up? They're used to that."

"C'mon. That's just greedy."

"Well...what, then?"



"Hope they buy it."

"Oh they'll buy it, all right."

1 comment:

Petrie & Trixie said...

nice post Jim, well said with the Austin Powers video!