Government Bailout Plan

Lordy, the Treasury Secretary has spoken and in a nutshell “you the taxpayers are going to bailout the big boys.” Henry Paulson said the alternative was a complete collapse of the financial system, when phrased like that his plan doesn’t seem to bad. And, with that the markets have raced up 4%. Of course the taxpayer is already suffering from “massive mortgage syndrome” so I’m not sure where we are supposed to pony up the extra dough for this.

…provides broad federal authority to clean up releases or threatened releases of hazardous substances that may endanger public health…

The above was the mandate of the government sponsored Superfund back in the 1980’s to protect people, families, communities and others from heavily contaminated toxic waste sites that have been abandoned.  Yup…that sounds like what is happening right now.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s