How much?
Posted in: 2008 Election, Disaster capitalism, St. John McCain
Well, that’s too bad, because you are too small to be helped by folks like George W. Bush or John McCain. But large financial institutions who exploited the deregulation they loved are too big to fail and you the taxpayer shall shall be further indebted to save them.
For we, and by that I mean "they", shall create a new governmental agency to save the needy greedy.
As for funding levels, you can figure it could be anywhere from $200 billion to $500 billion, on top of the money already committed for Fannie Mae, Freddie Mac, AIG and Bear Stearns. That’s a pretty good indication of how serious a problem we have on our hands.
So what does that come to $600, $650 billion? About a measly $4,000 from each of us. Still, it is only a third as expensive as the $12,000 or so the Iraq War will cost the average tax payer. So suck it up!
What’s that you don’t have the money? Maybe we will have to foreclose on your citizenship comrade? Socialism with a capitalist face is awesome.
Heckuva job, Republicans.
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