Everywhere we keep reading and hearing the talking heads say how the alternative to the bailout would be much worse.
I keep hearing this “we are helping main street” narrative from the supporters of the bailout.
Ron Paul said it best yesterday on CNN when he said that without the bailout we’d “have a bad year” but with the bailouts it “will be a bad decade”. I’m afraid, very afraid that Ron Paul is right again.
Monday, September 22, 2008
RON PAUL: "Without the bailout we’d have a bad year, but with the bailouts it will be a bad decade”.
Posted by M Theory at Monday, September 22, 2008
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