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Thanks for this voice of calm and reason. Dean Baker - I wanted to link to him today and haven't gotten around to it yet - makes the point that the economy is not the stock market. The crazies who want this $1.4T giveaway are desperate to have us believe that it is. The longer it doesn't happen and the sky doesn't fall, the less likely is that they'll get it and the more likely it is that we'll get something sensible - like the plans Ian Walsh has suggested.

The rush and the hysteria make it clear that this is one more looting. The refusal of the Dems to do the right thing make it clear that they are on the side of the bad guys.

...this is one more looting.

Of course. Time is running out. To completely bankrupt both the economy and the Treasury, they're on one last big raid.

And they want to save their own asses, naturally, while they're at it. A two-fer, sort of.

I think you're right, too, about the effects of slowing this mad rush down. Give us a chance to breathe and it will occur to us that our economy is still here.

But at the same time, there's no underestimating the very real damage that's been done over the past 20 years and especially in the last 8. Our economy is hurting, alright, but funneling another $$$TRILLION$$$ to the people who crippled it is just going to make everything worse.

I swear to god, I know what happened. They were sitting around whining about not having been able to gut SocSec this time around and salivating over those trillions and one of them said, if we could have just gotten one trillion - a trillion and a half, I would have been happy. And another said, fuck'em we can get it another way. And the bailout was born.

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