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Archive for the 'Federalism' Category

The $700B Charade

October 6th, 2008 by jacob

10-04-08bittermedicine.jpg

Last Monday when Pelosi got in the well of the house and suffered a bout of political Tourettes Syndrome it may have killed the Bailout Bill that day.   The stock market had fallen over 350pt up to that point, and fell another 350+ after the bill failed.  This was chalked up as proof that the bill was needed.

The bailout bill, from the time of its inception,  ballooned in size from 3 pages to 450+ pages, as all sorts of sweeteners were added.  Another term for sweetener is pork-barrel spending.  This is the spending that is partly to blame for the mess we are in.  The patient is bleeding, please apply leaches.

Here is the punch line.  After the bill passed and each of us is a another $2300 in debt, the stock market dropped 350 pts.  These are people we want to hand the entire medical industry over to?

UPDATE

The Dow just dropped another 500+pts.  Yup those guys in the guv’mint sure know what they’re doin!  How did Reagan put it …

The most terrifying words in the English language are: I’m from the government and I’m here to help.

Category: Den of Thieves, Federalism, Philosophy | 42 Comments »