|
First of all, can anyone point me to a major thread here concerning analysis of the "new" bailout? Searching is not very effective. even with the date restriction tools, you only have "past 24 hours" and "past week".
I've noticed a substantial lack of real information on this bill. Granted, a lot of people in a place like this are good at intuiting the nature of a bill. The MSM has already concluded that we need this bill, or at any rate a bailout, and to not pass one is a failure. This seems to include Jon Stewart and Stephen Colbert. I am sure it provides a great platform from which to attack McCain, but I am not sure it's a good assumption to be embedding in the framework of such messages.
What I feel from my meager amount of knowledge on the topic is:
1) The economy could really use some help.
2) Any bill that comes from, or passes through congress will almost certainly be the worst possible way to help the economy.
Regardless of who did what and got away with it scot-free, there is a liquidity crisis. That's my basis for point one. As to point two, well, despite the Ds having a majority they haven't done much of anything that "they", "the rich", "the system" hasn't approved of in the past two years. I have no faith that they'll start acting differently for a poorly understood, easily-spun bill like this one.
All I know about this new bill is that it seems to have additional expenditures latched on to it. Does it still basically appoint Paulson King of the Economy, de facto ruler of the country? If it does, we're being sold out for trinkets and baubles, things that will evaporate anyway as soon as they re-establish their grip on power.
This seems to be the same horrible bill that it was before, combined with every imaginable kind of pork and appeasement, from child tax credits to excise tax exemptions for "Certain wooden arrows designed for use by children". There are tons of interesting, talk-about-able things in there, for example: An increase in FDIC deposit insurance limit from $100,000 to $250,000. That's gonna have all sorts of complicated effects on the economy. I can't imagine why they are inserting that, considering the FDIC does not have the required 1.something% of its potential obligations for the LOWER cap.
So where are our experts? I expect the MSM to say nothing substantial, but can anybody point me to good analyses of the new bailout bill from a reasonable perspective?
|
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
