On The Road – Prescott Cactus – Brisbane
2 hours ago
News and commentary on why America needs Barack Obama at this moment in our history.
Well, this makes me more comfortable with giving Hank Paulson carte blanche to spend $700 billion without any oversight:
Forbes writes on part of the reason that the American public is so skeptical of the Bush administration’s bailout proposal.
In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
Posted by Metavirus at 9/24/2008 10:14:00 PM
Tags: Bailout , Bush , Deregulation , Election 2008 , General Election
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