Matt Yglesias

Sep 21st, 2008 at 1:22 pm

Rauchway on Reconstruction Finance Corporation

The bottom line: “In short, although the situation in January of 1932 was visibly more dire than it is now, Congress was less willing to hand over utter independent authority to the Hoover administration.”

That’s via Brad DeLong. Friends don’t let friends write $700 billion blank checks to the Bush administration.






13 Responses to “Rauchway on Reconstruction Finance Corporation”

  1. pseudonymous in nc Says:

    What this anonymous lawmaker said:

    Paulsen and congressional Republicans, or the few that will actually vote for this (most will be unwilling to take responsibility for the consequences of their policies), have said that there can’t be any “add ons,” or addition provisions. Fuck that. I don’t really want to trigger a world wide depression (that’s not hyperbole, that’s a distinct possibility), but I’m not voting for a blank check for $700 billion for those mother fuckers.

    Nancy said she wanted to include the second “stimulus” package that the Bush Administration and congressional Republicans have blocked. I don’t want to trade a $700 billion dollar giveaway to the most unsympathetic human beings on the planet for a few fucking bridges. I want reforms of the industry, and I want it to be as punitive as possible…

    I’m open to other ideas, and I am looking for volunteers who want to hold the sons of bitches so I can beat the crap out of them.

    You don’t reward that kind of irresponsibility, and if you don’t make these fuckers hurt, they will do it again.

  2. JonF Says:

    Re: Friends don’t let friends write $700 billion blank checks to the Bush administration.

    The Bush adnministration is soon to leave office (thank God!). That 700 billion check is being written either to John McCain or Barak Obama. It would be a prudent idea for both candidates to be grilled on the details of how they plan to administer those funds.

  3. kafka Says:

    “I don’t want to trade a $700 billion dollar giveaway to the most unsympathetic human beings on the planet for a few fucking bridges.”

    Well put, but that’s about what’s going to go down. BushCo will give the Dems a few bones to throw to their voter base so as to allow them to save face. We already know when Dems sell their votes to BushCo, they never get a high price.

  4. Arnold Evans Says:

    1932 wasn’t a good thing was it?

    I haven’t crystallized my thoughts on this, but they did it different is 1932 is a comically ineffective argument.

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