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View Diary: BREAKING & W.T.F.!? Paulson's bait and switch (Updated) (99 comments)

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  •  Backwards (6+ / 0-)

    But curiously, the $700,000,000,000 remains in Paulson's hands.

    He isn't keeping it in his hands, he's spending as fast as possible.  He's trying to spend it all (on grants to banks and rich corporations, rather than on buying assets) before Obama can take office.  

    •  Yup (4+ / 0-)

      They can't spend it quickly enough:

      In the final days of the election, many Republicans seem to have given up the fight for power. But don’t be fooled: that doesn’t mean they are relaxing. If you want to see real Republican elbow grease, check out the energy going into chucking great chunks of the $700 billion bailout out the door. At a recent Senate Banking Committee hearing, Republican Senator Bob Corker was fixated on this task, and with a clear deadline in mind: inauguration. “How much of it do you think may be actually spent by January 20 or so?” Corker asked Neel Kashkari, the 35-year-old former banker in charge of the bailout.

      •  I can help. (1+ / 0-)
        Recommended by:
        two roads

        really.  It'll be hard, but I'm willing to make the sacrifice, take a leave of absence from my job and help them spend the remaining $450 Billion or so in two months.  Sure, some of it will have to come home with me, but as long as it gets spent ...


        I am my brother's keeper, I am my sister's keeper. - President Elect Barack Obama

        by ThirstyGator on Wed Nov 12, 2008 at 12:19:58 PM PST

        [ Parent ]

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