Has Schmuck Talk Express™ said anything about Henry Paulson’s Big Bad Bailout yet?
To me, it’s not just the amount of taxpayer money Paulson says will be on the line, it’s the amount of new government powers he says he needs from Congress.
If those powers, at the least, aren’t connected to major new regulatory standards, then we’ll wind up with the problem being worse some day in the future.
Texas Sen. Kay Bailey Hutchison said some economists, to get specific about the money involved, estimate that a $250 billion bailout could increase each American household’s part of the national debt by $2,300.
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