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How to blow $700 billion...
Sep. 24th, 2008 09:45 pmJim Jubak: why the $700 billion bailout plan before Congress is a bad idea.
Jubak also talks about the lack of oversight and accountability in the plan. (video link)
Newt Gingrich also hates the bailout plan in its current state.
I have a very bad feeling that this is just the latest in an attempt by the politicians to stave off short-term financial hurt (i.e. a recession) by making bad long-term decisions, knowing they aren't going to be in office when the chickens come home to roost. But hey, we elected them in the first place; was it Franklin or Jefferson who said "I tremble for my country when I reflect that God is just?"
Jubak also talks about the lack of oversight and accountability in the plan. (video link)
Newt Gingrich also hates the bailout plan in its current state.
I have a very bad feeling that this is just the latest in an attempt by the politicians to stave off short-term financial hurt (i.e. a recession) by making bad long-term decisions, knowing they aren't going to be in office when the chickens come home to roost. But hey, we elected them in the first place; was it Franklin or Jefferson who said "I tremble for my country when I reflect that God is just?"
