In The Know: Should The Government Stop Dumping Money Into A Giant Hole?

Via Write Enough.

Posted by: Attila Girl at 09:31 PM | No Comments | Add Comment
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Ling Carter, again:

New York City - "Tiffani" wearily peered down a deserted Bronx street, muttering, "A lot of nothing — again." The 29-year-old prostitute hadn't had a trick since the previous evening and wondered how she would support a growing drug habit, a pimp, and the need to update her work wardrobe. "Everyone thinks these Jessica Simpsons last forever," said "Tiffani," referring to her high-heeled ankle boots. "But the seams are splitting and winter's coming on. I need new boots. Where's the damn government?"

Where indeed? RTWT.

Posted by: Attila Girl at 08:23 PM | No Comments | Add Comment
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Oy.

t's starting to feel like one of those epic nights at the bar in Washington, DC. You know, the evenings where you know you're running up a tab much bigger than you intended, but the bartender has your card, and it's just so easy to order one more round for the gang.

For those too sozzled or bozwozzled to track what we're spending on on bailouts these days, here's a quick tally:

• $29 billion for Bear Stearns

• $143.8 billion for AIG (thus far; it keeps growing)

• $100 billion for Fannie Mae

• $100 billion for Freddie Mac

• $700 billion for Wall Street, including Bank of America (Merrill Lynch), Citigroup, JP Morgan (WaMu), Wells Fargo (Wachovia), Morgan Stanley, Goldman Sachs, and a lot more

• $25 billion for The Big Three in Detroit

• $8 billion for IndyMac

• $150 billion stimulus package (from January)

• $50 billion for money market funds

• $138 billion for Lehman Bros. (post bankruptcy) through JP Morgan

• $620 billion for general currency swaps from the Fed

Rough total: $2,063,800,000,000

That's a little over $6,800 for every man, woman, and child, or just under $15,000 for each of America's 140 million taxpayers.

Remember—a few billion here, and a few billion there, and pretty soon we're talking about real money.

You know what I could go for, just about now? Another Great Depression.

Posted by: Attila Girl at 06:43 PM | No Comments | Add Comment
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