A graphic Portrayal of Purchases, Guarantees, Grants and Loans by the US Govt So Far

Posted by Kendall Harmon

Check it out.

Filed under: * Economics, PoliticsEconomyThe September 2008 Proposed Henry Paulson 700 Billion Bailout PackagePolitics in General

6 Comments
Posted September 29, 2008 at 8:49 am [Printer Friendly] [Print w/ comments]



1. Byzantine wrote:

If these assets have some value, then only the market process can determine it.  Simply printing up $700B and handing it to banks in exchange for these instruments tells us nothing.  This is a blatant transfer of wealth by a political party that I thought championed free market principles.

September 29, 10:12 am | [comment link]
2. Albany+ wrote:

“This is a blatant transfer of wealth by a political party that I thought championed free market principles.”

Some pigs are more equal than others.

September 29, 10:38 am | [comment link]
3. Sick & Tired of Nuance wrote:

Um…isn’t it the Republicans in the House that put the breaks on the plan? 

A revolt by conservative House Republicans was already in the works when negotiators announced Thursday that a deal was imminent, a day after GOP presidential nominee John McCain injected himself and Democratic rival Barack Obama into the debate by calling on Bush to convene a White House summit.

http://ap.google.com/article/ALeqM5iClIThBi76P3t8y3WeN989rhXLzwD93G2FD00

Regardless, something wicked this way comes…

September 29, 12:30 pm | [comment link]
4. Jeffersonian wrote:

Some pigs are more equal than others.

You’re not paying attention to who is pushing this package and who is fighting it.  That leaves out the whole issue of what caused it and why.

September 29, 12:53 pm | [comment link]
5. Byzantine wrote:

The bailout is being spearheaded by a Republican President and his Treasury Secretary who surely have our best interests at heart.  Only kooks like Ron Paul and other congressmen from hick backwaters oppose it.

September 29, 1:29 pm | [comment link]
6. Jeffersonian wrote:

Henry Paulson is a Democrat, I might point out.

It’s the House Republicans that are standing athwart this, shouting “Stop!”  It’s the likes of Barney Frank and Chris Dodd who are excited about this, which is like the arsonist thrilling to the arrival of the fire department.  They own this catastrophe, lock, stock and barrel.

September 29, 1:34 pm | [comment link]
Registered members must log in to comment.




Next entry (above): Bess Twiston Davies—God on Mammon: theology for the credit crunch

Previous entry (below): Citigroup to acquire banking operations of Wachovia

Return to blog homepage

Return to Mobile view (headlines)