Bailout?

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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