Cash For Trash is the title of the op-ed piece written by Paul Krugman today in the New York Times. It speaks for itself.
Krugman was on Keith Olbermann tonight trying to explain why giving anyone in the Bush administration total control over roughly a trillion dollars in tax payer money, borrowed from China and other big stakes holders in our adventure in Iraq with no oversight and no recourse to remedy if it's merely stolen, lets say, for instance, is a really, really, colossally bad idea. Henry Paulson has come up with a three page plan outlining how we the people don't need to know how this trillion is going to actually be spent to prop up a bunch of crooks and liars in the failed financial industry. And oh, don't worry, trust us, we know what we're doing, so there can be no legal remedy if we fuck you over once again. Why not? We have fallen for the neocons fucktardary before. Maybe we really are that dumb.
I sure as hell hope our elected Representatives are not that damn dumb, but I've been wrong again and again betting on the Democrats in Congress to block this kind of crap. Please Congress, do not screw us once again. We are sore and tired, and about to lose our homes, our savings, our jobs, our retirement and health care.
Quantitative Easing and Monetary Aggregates
26 minutes ago