To bail out or not to bail out...that is the question.

[alexamenos]

We are not talking about the Great Depression, when output dropped by one-third and unemployment soared to 25 percent.

yet...we are not yet talking about the Great Depression 2.0....

But the question of who actually gets it will be strictly in the hands of Barack Obama, Nancy Pelosi and Harry Reid. It is one of the few parts of the legacy of the Bush administration that the Democrats are not likely to criticize.

Sowell isn't quite the douchebag that Krugman is, but he's just as much of a partisan tool and statements like this are fine examples of hs toolness. He's so dead set on blaming the Democrats for stuff that he can't even begin to see the facts...like, the decision as to who gets the loot isn't "strictly in the hands of Barack Obama, Nancy Pelosi and Harry Reid", it's in the hand of unelected officials like Hank Paulson and Ben Bernanke and they don't and won't tell us who they're handing it to.

[dude1394]

Originally Posted by alexamenos

yet...we are not yet talking about the Great Depression 2.0....



Sowell isn't quite the douchebag that Krugman is, but he's just as much of a partisan tool and statements like this are fine examples of hs toolness. He's so dead set on blaming the Democrats for stuff that he can't even begin to see the facts...like, the decision as to who gets the loot isn't "strictly in the hands of Barack Obama, Nancy Pelosi and Harry Reid", it's in the hand of unelected officials like Hank Paulson and Ben Bernanke and they don't and won't tell us who they're handing it to.

Currently I would say it's in the hands of dubya...unless you think Paulson has no accountability to him.

Tommorrow it will be in the hands of the people Sowell mentioned.

[Arne]

Originally Posted by dude1394

Currently I would say it's in the hands of dubya...unless you think Paulson has no accountability to him.

Tommorrow it will be in the hands of the people Sowell mentioned.

Presidents are like congressmen - tools. You know, the president is a free market guy, until Dick Cheney tells him that spending money on lots of wars is good and Hank Paulson tells him to spend trillions on his banking friends.

[alexamenos]

Originally Posted by dude1394

Currently I would say it's in the hands of dubya...unless you think Paulson has no accountability to him.

Tommorrow it will be in the hands of the people Sowell mentioned.

this is where you have it backwards, dude....Bush is accountable to Paulson and his ilk, not the other way around. Barrack Obama has already named a Paulson/Bernanke acolyte as his Treasury Head, he's named the guy that's leading the charge to give trillions of our bucks to his banker buddies -- meet the new boss, same as the old boss.

...........

hattip to arne for also recognizing the backwardsness in dude's thinking.

[Underdog]

Originally Posted by alexamenos

yet...we are not yet talking about the Great Depression 2.0....

Not to mention that we're living in a different world now than we were then - joblessness is only part of the equation...

The first time around, most of the world's economic powers were recovering from WWI, so nobody really had the means to challenge our international standing... This time around, there's about a half-dozen countries waiting to pounce on the #1 spot - if we slip, we fall...