the "paulson plan" is idiotic in the extreme. it's a giveaway, pure and simple, and one that won't help the economy (unless paulson is actually competent and feeling like helping the country and not his buddies, which I'd say is somewhere just above a 0% chance).
if we need liquidity, or to stimulate the economy, or whatever, there's plenty of better ways to approach the problem. but, it's pretty much guaranteed congress won't do the right thing, and waste 700 billion or more buy buying up toxic assets instead of, say, investing in our core infrastructure, alternative energy, etc etc.
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Date: 2008-09-30 05:32 pm (UTC)if we need liquidity, or to stimulate the economy, or whatever, there's plenty of better ways to approach the problem. but, it's pretty much guaranteed congress won't do the right thing, and waste 700 billion or more buy buying up toxic assets instead of, say, investing in our core infrastructure, alternative energy, etc etc.