drieuxster (drieuxster) wrote,

Saddam Hussein Hid His WMD's amongst the Evil Wall Street Liberals???

“When you listened to him describe it you gulped," said Senator Charles E. Schumer, Democrat of New York.

As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,” the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”
“You have the credit lines in America, which are the lifeblood of the economy, frozen.” Mr. Schumer said. “That hasn’t happened before. It’s a brave new world. You are in uncharted territory, but the one thing you do know is you can’t leave them frozen or the economy will just head south at a rapid rate.”
“We have got to deal with the foreclosure issue,” Mr. Dodd said. “You have got to stop that hemorrhaging..If you don’t, the problem doesn’t go away. Ben Bernanke has said it over and over again. Hank Paulson recognizes it. This problem began with bad lending practices. Those are his words, not mine, and so this plan must address that or I’ll be back here in front of a bank of microphones at some point explaining the next failure.”
Senator Richard C. Shelby of Alabama, the senior Republican on the Senate banking committee, said in a television interview that cost to the government of purchasing bad debt could run to $1 trillion — a potential warning sign since Mr. Shelby is a longtime skeptic of government intervention in the private market.

Until Mr. Shelby was interviewed on Friday morning, officials on Capitol Hill had been careful not to discuss specific figures, though the rescue envisioned by the Treasury Department clearly entails a government appropriation of hundreds of billions of dollars.

[ cf Congressional Leaders Stunned by Warnings ]

At least now we know why we have to go on winning In Iraq - anything less and the Evil Liberals in Wall Street will attack our white christian america with their godless heathenism....


WhipOutWhatever..... Or was that WhineOverWhomever, or was that WarOnWhatthemthingiepoohs....

Thank GOD no one actually believes any of that smack about the imaginary invisible foot of the market place that will deftly defy reasoning and bring the correct thingus of pooh to bear on the bearables...

Clearly now we MUST cut taxes so that there will be more tax cuts for those people who most despeartely need to be bailed out from the stuff of thingus of poohing that has prevented the Free Flowing of The Marketable Market Placing because of the Iron Fisted Jack Boot of excess governmental regulation of the market stuff.

It is what the verb, phrase, nouns, are Wording Up!!!!
Tags: economics, war

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