Sunday, September 28, 2008
Regarding Paulson's Heroic Vision
A book I read in high school, had one dodgey character, a surgeon, who is cutting on this patient and he happens to cut the wrong thing and massive bleeding ensues. So, he throws in some tampons and sews him up real quick and has him hustled him out of the operating theatre on a gurney. The patient dies 30 minutes later in his bed -- but not on the operating table -- a clear cut case of the operation was a success but the patient died.
I figure that is what this "bailout" is really about -- to fend off a crisis for at three months so that it won't be the dodgey surgeon's "fault".
IF, there is then no meltdown, which is what many economists seem to think, but "just" a real bad and deep recession and people lose their jobs, homes and cars -- well, that will be, sigh, the new administration's fault. However, it was the Heroic Vision of Paulson and the Repugnants which saved the country from total collapse. "Sorry, folks," the Repugnants will then say, "but that's what you get for electing a bunch of Dumrats and an off-color prez!!!"