Throw me a fricken’ bone here!
By Amit Singh | Saturday, January 3rd, 2009 | PolicyI guess it was inevitable. First John McCain suspended his campaign to make certain Wall Street was bailed out. Then George Bush said he was abandoning free market principles to guarantee the auto bailout. Well the Democrats want to play with funny money too and they aren’t going to be outdone by their Republican counterparts.
So how much do they want? . . .
One Trillion Dollars dun dun dun. mwahahahah
Yes maam. The big T in that Trillion. The Democratic governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin are in discussions with the President-Elect and have said “The Obama team has been very receptive in listening to us.” I am sure Governor Kaine would like the federal “assistance” to help Virginia cover its $2B+ shortfall as well.
New Jersey Governor Jon Corzine said “It’s not shockingly large” when discussing the amount they are asking for. He is sort of right. It is large but not shocking anymore. The moral hazard has really sunk in. I am somewhat speechless as it is obvious we need to cut down a lot more trees to print the new dollar bills.
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3 Responses to "Throw me a fricken’ bone here!"
Who cares how much it is. The dollar is pretty much done for.
http://caps.fool.com/blogs/viewpost.aspx?bpid=125230&t=01000785550515854591
Gulf Cooperation Council has decided on a new currency and Saudi Arabia is calling for the whole process done by 2009. Peace out oil-dollar pegs.
it’s like watching a great athlete’s fumble: slow-motion; large scale…
or maybe it’s like watching the Titanic sink…
[...] of the country as a whole. Those with large lobbying budgets will get the bailouts. Now that the States are asking for over $1,000,000,000,000 in bailout money, we really need to ask ourselves when are we going to pull [...]
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