Does Paulson have too much unfettered power? Options

[Hartmann]

What do you think?

We give this guy $700 Billion to do with as he pleases. He claims that it is helping the banks extend credit all the while the banks are saying "we have government money now, we can limit the number of loans we give out".

I've read Representative Gohmert's plan to do away with income and FICA taxes for a year, which would inject a good chunk of change into the taxpayer's pocket while not increasing the national debt. Some of the estimates of what the debt will be are around $7 trillion.

[rabble]

As much as I'd love to not pay taxes for a year, where will the government get the money to pay it's bills. It's also the exact same thing as a stimulus check with a different name.

Politics and economics shouldn't be intertwined, paulson should have told the banks "tough shit" in the first place like any other economist would have done.

Fuck, you think a tough market correctional recession would be bad, just wait until we start truly seeing the fallout from all these stupid fucking stopgap procedures. Goddamn politicians and their elections, the only reason they did any of this shit was because they wanted to say they were doing something so they could get elected again.