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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (92205)	10/28/2008 7:01:17 AM
From: Mary Cluney	Respond to of 541627

<<<the Bush administration’s anti-government ideology still stands in the way of effective action. Events have forced Mr. Paulson into a partial nationalization of the financial system — but he refuses to use the power that comes with ownership.>>> Ronald Reagen popularized this anti-government notion. It is this notion and fear about "the transfer of wealth" and providing entitlements to "the welfare queen" that has taken hold of the imagination of a sizable portion of society.

To: JohnM who wrote (92205)	10/28/2008 8:54:13 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 541627

John; Things continue to fall apart You have ruined my morning with this news. The most troubling line from the Krugman piece; U.S. Treasury’s bank rescue plan: it contains no safeguards against the possibility that banks will simply sit on the money. “Unlike the British government, which is mandating lending Once again the Bush administration - and with the blessing of congress - has managed to screw this up. So the banks pay off their high interest debt and buy other banks with taxpayer money. Absolutely unbelievable. steve