Liberty, Justice and a Bailout for All
May 27, 2008 02:32 PM EST
"If the government can bail out investment banks on Wall Street, then we can extend a hand to folks who are struggling on Main Street." -from Barack Obama's speech to be delivered in Las Vegas today.
In other words, bail everybody out!! Federal money for all! To spur the opening of the federal spigots, Obama's pushing for a $10 billion "Foreclosure Prevention Fund."
Note for the commenters: I am being sarcastic about bailing everybody out. I think the Bear Stearns bailout is what we call
"moral hazard."
Amanda Carpenter
Amanda Carpenter is the author of “The Vast Right-Wing Conspiracy's Dossier on Hillary Clinton,” published in October 2006.
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