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.
September 21st, 2008 at 1:29 pm
What this anonymous lawmaker said:
You don’t reward that kind of irresponsibility, and if you don’t make these fuckers hurt, they will do it again.
September 21st, 2008 at 2:25 pm
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.
September 21st, 2008 at 2:31 pm
“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.
September 21st, 2008 at 3:57 pm
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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