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The Bailout Plan: Welcome to Economic Shock and Awe September 22, 2008

Posted by trouble97018 in Economy, News, Politics, Repiglicans.
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Huffington Post

Arianna Huffington

Posted September 22, 2008 | 08:57 PM (EST)

See if this sounds familiar:

There is a gathering threat to the safety of the United States. We must take immediate action. Congress must quickly grant the President and the Secretary what they want and also give them full and unfettered authority to execute the plan.

Welcome to Economic Shock and Awe (or as some have dubbed it, according to Paul Krugman, “the Authorization for Use of Financial Force”).

Even the amount of taxpayer money being bandied about — $1 trillion — is similar. Think you got your money’s worth for the Iraq war? Congratulations — you’re about to buy another pricey debacle.

We’ve seen how negligent the Bush administration is with our money — flushing billions on wasteful, mismanaged Iraq reconstruction and Katrina recovery projects. Source Article

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