Folks, we've got to step back and see the Bush/Paulson bailout package (and the accompanying bum's rush to try and get it pushed through without debate) for what it is: the latest in a long line of swindles put over on this country by the Bush Administration.
In short, BushCo is insisting that Congress pass a profoundly ill-advised bailout plan for the financial industry that provides a massive windfall to a deeply mismanaged sector of our nation's business community, while sticking taxpayers with the bill.
Coincidentally enough, this also adds the better part of a trillion extra dollars to our national debt, thus insuring that the next president has little or no money to work with to try and enact any substantial new policies.
And, as usual, the Bush Administration is using fear and panic to try and sell this scam to Congress.
Read More