Monday, September 29, 2008
The Train Wreck
This and this are like watching a train wreck in slow motion. O.M.G. The problem is that we're on the train. Salon sums up the situation clearly.
Labels:
bailout,
doom and gloom,
economy,
financial system,
Wall Street
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3 comments:
Krugman sums it up well: We're a banana republic with nukes.
Leaving aside the fact that the more the United States gets to be like Cuba, the better Paul Krugman seems to like it, what I want to know is:
If the bailout was such a bad idea, why did 140 Democrats vote for it? And if it was such a good idea, why did 90 Democrats vote against it?
By the way, best wishes for the coming new year.
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