Posted by Duane Lester on Sep 24th, 2008 • Clicks
This is unreal. All I have been hearing about is how much America needs this $700 billion bailout, that the economy is going to collapse if it isn’t passed. Oh, there will be wailing and gnashing of teeth if it isn’t approved by this Friday.
One question: how did they arrive at $700 billion for the bill?
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
I can’t make this stuff up.
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