Friday, December 5, 2008

"I am through with giving this crowd money to play with."

Senate Banking Committee Chairman Christopher Dodd said that on Thursday when referring to whether or not congress would give Henry Paulson the second half of the $700 billion in bailout money. Isn't that a classic line?

He's admitting that, once again, congress screwed up. It's clear to no one what the first $350 billion did besides teaching banks that they can take on as much risk as they want and not worry about the consequences because government will bail them out if they get into trouble.

But that's OK. It's only $350 billion. We couldn't use that money for anything else, could we?

What's striking in all of this is how bad congress is. On probably the two most important issues of the past eight years, these people, Democrat and Republican, gave Bush the power to go into Iraq and the power to bailout the banking system.

Both plans didn't work. In fact they have hurt the average citizen and helped three of the biggest industries in the world: Defense, Oil and Financial.

Ah, congress doing what it always has in our country's great history. Should we expect anything else? Nope. The only thing we can do is fight to change it because they won't.

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