Friday, November 14, 2008

Michelle Malkin on Emperor Paulson

Michelle hits the nail squarely on the head with this article. She clearly points out that the bailout plan that was passed, called Crap Sandwich, was a disaster, as predicted by most of us on the right. She also highlights the fact that the whole purpose of it's being passed, to buy up troubled Asset's, that is to say housing mortgages, is now been tossed aside.

Read her article here

Treasury Secretary Hank Paulson finally confirmed what lonely bailout opponents tried to tell the American public all along: The man doesn’t know what the hell he’s doing.

Paulson held a bazooka to taxpayers’ heads. He groveled on his knees in front of Democratic House Speaker Nancy Pelosi. He lured leaders from both political parties into linking arms in a panicked Chicken Little line dance for the beleaguered mortgage industry. Paulson demanded an unprecedented $700 billion troubled assets relief program for the good of the country. For the health of the housing market. For the survival of the economy. No time for deliberation. No time to review the failures of such interventionist approaches around the world. Now, now, now!

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home


Hit Counter