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View Full Version : From the peps who brought you invasion to remove WMD COMES THE GREAT ROBBERY OF 08!



stang56k
10-01-2008, 07:34 AM
http://mises.org/story/3132


The Paulson bailout failed in the House. If it isn't a death blow to the plan, it should be. This is not an economic plan: it is a heist.

It will go down as The Great Bank Robbery of 2008.

The economics behind it are nonsense, but we are naïve if we spend much time even considering the "arguments" for it. This is a money and power grab, pure and simple....

...The Paulson Plan is a heist. It is a grand scheme in which the public will end up owing hundreds of billions of dollars to holders of new debt claims issued by the US Treasury. The plan won't "prop up" asset values and it won't provide any real stimulus to the economy.

Despite the dire warnings — coming from the same folks who brought you the Iraq invasion to remove WMD — there is no threat of a financial meltdown. If Goldman Sachs failed, the sun would still rise the next morning.

Far from providing stability and confidence, the Fed, Treasury, and SEC's recent moves have ensured that US capital markets will now function with the same efficiency as public education in this country. The Paulson Plan is one more step in the socialization of America, but it is also a great bank robbery.

PostmodernProphet
10-01-2008, 09:30 AM
Paulson/Bush/Pelosi/Reid plan don't you mean?......

stang56k
10-01-2008, 10:02 AM
Actually, Paulson and Berneke were the first to propose this plan, in a committe hearing.

Yurt
10-01-2008, 10:04 AM
Actually, Paulson and Berneke were the first to propose this plan, in a committe hearing.

how does that take away from it being pelosi reid plan? you know how a bill gets drafted right? are you saying pelosi had not part in the draft and she publically claimed the bill should not pass?

stang56k
10-01-2008, 10:21 AM
how does that take away from it being pelosi reid plan? you know how a bill gets drafted right? are you saying pelosi had not part in the draft and she publically claimed the bill should not pass?

Pelosi and Reid drafted Paulson's plan. Would Pelosi and Reid introduce this bill if Paulson and Berneke not have proposed it? Honestly, the reality of the situation They ARE all at fault here. The only people I respect right now on this issue is the 228 in the House that voted this down.

Yurt
10-01-2008, 10:25 AM
Pelosi and Reid drafted Paulson's plan. Would Pelosi and Reid introduce this bill if Paulson and Berneke not have proposed it? Honestly, the reality of the situation They ARE all at fault here. The only people I respect right now on this issue is the 228 in the House that voted this down.

so paulson put a gun to their head and forced them to draft the plan? once they drafted the plan, even adding their own stuff, it became theirs, before that it was merely executive wishing... i guess the legislative branch of government does not exist and our country should be disolved as the checks and balances no longer work...

all they had to do was say.................no