“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday, regarding the bailout amount of $700B . “We just wanted to choose a really large number.”
Article at Forbes.com, highlighted at Political Wire.
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday, regarding the bailout amount of $700B . “We just wanted to choose a really large number.”
Article at Forbes.com, highlighted at Political Wire.
Which means that you can bet your ass that the number is at least an order of magnitude too low.
Has anyone read Gamow’s book, “One, Two, Three, Infinity”? Or “Secrets of the Temple: How the Federal Reserve Runs the Country,” by William Greider? The first shows how we use “infinity” to represent a number too large to comprehend, the way some tribes in Africa can count only to three and any number larger is too big to understand. Try counting to 700 billion! The second shows how the Feds run the system of “money” that we use, which is also too complicated to understand. That’s why the priests controlled the money and the worshiping of things too complicated to understand – and they still do! Bottom line: We can’t afford any solution, nor can we afford to not try to solve the problem. Bend over, “Yes, mother, may I have another?”
I’ve a much better economy revitalization plan and much cheaper too. Give me 600 billion dollars and I’ll boost the economy by spending the money as I see fit and thus creating new jobs and stuff. I’d also help USA in the race to Mars by funding NASA in exchange for a short vacation on the ISS.
Thanks for the tip, leguru: I read Greider’s “The Soul of Capitalism” a few years ago and (mostly) liked it.