[quote=paramount]All of a sudden this bailout is going to save the world, of course a little over a week ago nobody was even talking about it.
I have no doubt this was all planned long ago – just like the so called “PATRIOT” Act political leaders were just waiting for the right moment to ram it through congress and stick it to the next 3 generations of average Americans.
And yet, most of the incumbents will be sent right back to Washington.[/quote]
While I agree that the patriot act was planned, I am not sure how the bailout benefits anyone.
I mean the patriot act brought US public safety standards to something closer to the rest of the world. I (and many others) disagree with it because most of the governments of the world are too intrusive and controlling. But the point was that there was a large powerful lobby that always wanted the measures of the patriot act adopted.
I don’t see that same kind of lobby for this measure. Its more like the “surge” in Iraq. It might be very successful and improve stability but it is really just dressed up damage control. I do think that the parts of our economy that led us here DID have a huge lobby (deregulation, loose money, loose securitization rules).
Hopefully the remedy will garner a huge lobby and address the causes as well. We’ll see.
