I’m not interested in being a political blog … but I love this quote from Senator Bernie Sanders:
For years now, they’ve told us that we can’t afford — that the government providing healthcare to all people is just unimaginable; it can’t be done. We don’t have the money to rebuild our infrastructure. We don’t have the money to wipe out poverty. We can’t do it. But all of a sudden, yeah, we do have $700 billion for a bailout of Wall Street.
As John Gruber notes: Yep … in just one week.
Oh, and, in addition, we’re being asked to do it without putting in place any limits, any accountability for how the money is spent, and no requirements for a repayment plan. Hey! Doesn’t that sound like the approach to loan-making that created this problem in the first place?
Even Newt Gingrich has more sense than this.
Update: A “spokeswoman” for the Treasury department told Forbes Magazine today that the $700 billion dollar figure itself is a fantasy, manufactured out of thin air. “It’s not based on any particular data point. We just wanted to choose a really large number.” [link]
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