Another emergency lands at the feet of Congress and the taxpayers … born under the watch of this current administration. Explain again just why we should trust a plan submitted by them? I’m not saying do nothing, but sure hope Congress puts the brakes on ‘em. Paul Krugman offers an interesting commentary in the Times.
I surely am scared by any plan in which this Administration (again) asks for “sweeping new powers” in order to execute an emergency plan. When will we learn?
Oh yeah – and the cost? Could be $1 Trillion! Here’s a great chart from Pro Publica giving a history of US Government bailouts.
Oh, and that $1 Trillion? It doesn’t even factor in the hidden and enduring cost of giving this Administration more “sweeping new powers.”
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Tags: Administration, bailout, Congress, current administration, paul krugman

