he declared that failure to act swiftly and boldly "could turn a crisis into a
Tuesday, February 10, 2009
Now that the size of the "Spedulus" Bill has reached such astronomical heights, it could be used to pay off the mortgages of 90% of all home owning Americans.
Now, that would stimulate the economy! Imagine how much more you would spend if you had an extra grand, or so, every month?
Instead, we are dumping money down the bottomless pits of banks that didn't have the cents (ha ha) not to loan money to people that couldn't pay them back. As they are bailed out, they are holding million dollar parties and continuing to pay bonuses--hardly the financial restraint I would expect from a company that was just saved from the brink of insolvency.
And the part that is sticking in my craw even more than that, is that I now have a President who is threatening dire predictions of doom and gloom if this imbecilic bill isn't passed.
Remember what James Madison famously said: "Crisis is the rallying cry of the tyrant."