Sunday, September 21, 2008

Paulson Urges Congress to Move Quickly in Mortgage Bailout

Now we find that the “somewhere between $500 billion and $1trillion” is going to be about $700 billion, we also find that congress must grant this bailout quickly.

Like tomorrow.

Before the stock market opens.

Man, talk about high pressure sales tactics.

Treasury Secretary Henry “King Henry” Paulsen visited four Sunday news programs and on one or more of them, had this to say about timing, and about the sudden urgency:

“I'm not sure what we could have done sooner. [It's been a] once-in-a-50-year kind of a situation here. And there is no way that we could have gone to Congress and got the authority to inject capital into the banking system by buying illiquid assets unless there was the clear and urgent and obvious need.”
I think that last bit is most telling. It is the modus operandi of the Bush Regime to come up with ways for the government to spend huge amounts of taxpayer money on urgently needed matters. And the government must do it quickly so they don’t have a chance to sit down and examine this thing a little better.

And for God’s sake, don’t try and fix what is broken, just deliver the long green and fast.

And let’s not be pointing fingers here. Let’s not worry about how many corporate executives are going to take their leave with millions of bailout dollars.

After all, they’re taking mere millions, We’re talking $700 BILLION.

I don’t know about you, but this stuff just sounds to me like the last chapter of the book entitled “The Fleecing of America – How Bush Got Lucre for His Buddies.”

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