Thursday, September 25, 2008

(Medley of) Bad News For The Bailout - Forbes.com

The bailout IS bad news:

25 Harshest Reactions To the Wall Street Bailout...Some of My favorites:

"This is scare tactics to try to do something that's in the private but not the public interest. It's terrible."

"As of now we [journalists] are, as a group, behaving just as we did the last two times the administration sought to rush through a hastily thought out, ill-conceived plan. Why in the world are we being so gullible and naive?"

"The point is this is one of the most important irrevocable economic decisions we will ever make. Let's make it in a state of panic."

VIDEO: Marcy Kaptur - an Ohio congresswoman puts a beatdown on Bush Bailout...They call this "Bein' taken' back to the woodshed" in Texas.

Economists Sign Petition Against the Bailout...194 and counting

China banks told to halt lending to US banks

And Let's let the prescient Ron Paul Answer the President:

"The very people who have spent the past several years assuring us that the economy is fundamentally sound, and who themselves foolishly cheered the extension of all these novel kinds of mortgages, are the ones who now claim to be the experts who will restore prosperity! Just how spectacularly wrong, how utterly without a clue, does someone have to be before his expert status is called into question?

Oh, and did you notice that the bailout is now being called a “rescue plan”? I guess “bailout” wasn’t sitting too well with the American people."

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