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Rick,
I've been pretty impressed with your economic forecasts and general expertise on this thread. You called it.
However, the idea that "Republicans want to bring back the sweat shops of the 1900s" is... frankly... bizarre coming from someone who otherwise is so attuned to what's going on. We all know Republicans. They don't want that, and you know it.
Having said that, I think it's becoming increasingly clear to conservatives that their current Republican leadership is shockingly hypocritical. You can't be for bank deregulation and for this bailout and be a normal human being. Sarah Palin is for federal assistance to "special needs" families, but is against "big government." What if my father has Parkinsons? Where's my federal assistance? Republicans will be pondering these questions in the coming months. They aren't evil. They're just at the end of an intellectual cycle.
I just got out a calculator and figured out that every single man, woman and child owes approximately $2,300 for this $700 billion portion of the bailout. My family are in debt $9,200 as of Friday. Now that's some fine redistribution of the wealth!
To American financiers and the politicians of this great country, I want to say: You guys really suck at your job.
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