While the President puts on his best Doc Terminus impression and members on Congress struggle hard to find a middle ground, I think it would help us, the ones who will be paying for all of this, to reflect on what came of the first bailout:
The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says.
The Congressional Oversight Panel, in a report released Friday, said last year's overpayments amounted to a taxpayer-financed $78 billion subsidy of the firms.
But this is the Obama administration and the Democrats have the majority in Congress. Hope! Change!
Mmm hmm. Would you like some snake oil with that hope and change?
But I do have to agree with the good Doc ... neither Congress nor this President wants to cure us; they only want to expand on their wealth and power. If we allow them to push through this "economic stimulus recovery", then we deserve to have whatever we have.
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