money, money , money.....

CRISIS : 3 a: an unstable or crucial time or state of affairs in which a decisive change is impending ; especially : one with the distinct possibility of a highly undesirable outcome b: a situation that has reached a critical phase.

I have been reading and watching and listening all weekend about the BAILOUT. ( cue music from Jaws...) AND , I still do not understand anything more than I did last week. From what I can tell the Federal Government is going to buy up every iffy loan/mortgage in the world to save Wall Street, at TOP DOLLAR,  To the tune of ONE TRILLION PLUS dollars. If we don't do this horrible horrible horrible things will start happening. That is what Treasury Secretary Paulson said on George Stephanopoulos yesterday. 

My question is : define horrible? Is horrible your INSANELY rich wall street fat cat pals have to do with a somewhat smaller mega mansion in the Hamptons? Or is horrible , oh, I don't know... a large part of the country UN insured or under insured ? ,the country's infrastructure literally falling apart? Global warming ring a bell?

My old pal George asked him point blank yesterday: " What will happen if we don't do this?" He did not have an answer. From time in memorial the Republicans have SCREAMED SOCIALISM! at any sort of huge Government program that could help real people. Until Zippy does it, and now he is standing on top of the White House yelling " HURRY, HURRY, HURRY!"

 Man, I hope Congress will slow down, think this through... get to the bottom of the problem. We don't need a trillion dollar band aid ....