The Bailout that wasn't the $windle the Reptilicans wanted:
Hence, they killed it.
Here's Ron Paul, leader of the Looney Bin. Somebody tell him free market capitalism is corporatism. Be sure to duck: this straw man shoots back, regardless of what you're packing.
It's important to bear in mind this wasn't Paulson's original $windle v.1: "You gimme da money and a blank checkbook".
The Republicans voted overwhelmingly against $windle v.2. You can be sure the real reason wasn't it gave Paulson too much. It didn't give them enough.
You can also be sure the $windle v.3 will be much worse. These guys don't lower stakes. They raise them, as the market tanks.
Of course, it's not the gorilla in the room no one's talking about, it's the King Kong on the roof no one wants to mention:
I've heard the global derivative market is valued at about half a quadrillion- a thousand trillion- dollars.
That's $1,000,000,000,000,000.
This devil would have wanted its due sooner or later. The Bailout at best would just put it off. But no, Ronnie boy, you aren't making it better by precipitating it now.
It looks like Paulson's initial subterfuge to enable Goldman $acking of Amerika may have just caused the Kongression Komedian Klan under Ron Paul's leadership to chip away the base of the derivatives pyramid.
Krugman's underestimating the problem. What we have here isn't a Banana Republic- it's likely the beginning of the Mad Max Market, and a heightened global economic war as the Powers get sucked in.
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