The former Democratic presidential candidate said he would be introducing a bill this week to create a “United States Mutual Trust Fund” to convert assets purchased by the government into shares that would be distributed to every man, woman and child in the country. Every American would receive about $2,300...
In covering the proposed $700 billion bailout of Wall Street don't repeat the failed lapdog practices that so damaged our reputations in the rush to war in Iraq and the adoption of the Patriot Act. Don't assume that Congress must act instantly, as so many news stories state as if it was an immutable fact. The Administration has scared the markets and some key legislative leaders, but it has not laid out a coherent, specific and compelling need for this enormous proposal, which is the equivalent of a one-time 55 percent income tax surcharge. (Instead the money will be borrowed, so ask from whom and how this much can be raised so quickly if the credit markets are nearly seized up with fear.) Ask this question -- are the credit markets really about to seize up?
Sep 23, 08 4:26 pm ·
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Cash for Trash
The former Democratic presidential candidate said he would be introducing a bill this week to create a “United States Mutual Trust Fund” to convert assets purchased by the government into shares that would be distributed to every man, woman and child in the country. Every American would receive about $2,300...
the idea sounds good?
in other news economists say a bail out would send us into depression
http://www.gnn.tv/headlines/18396/Bailouts_Will_Push_U_S_into_Depression_Manager
and Willie Nelson on family farming
http://www.gnn.tv/articles/3839/Our_Next_President_Could_Learn_a_Lot_From_Willie_Nelson
I think we're going into a depression with or without a bailout.
i darned one of my socks yesterday
:(
What were architects doing in the 1930's, before they started being used as cannon fodder in WWII? I need to start making plans.
They were working for the WPA
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