Shell Game

President Bush, on Friday, told the country "I decided to act and act boldly.” - or rather, "We're going to come up with a plan" - to save the economy. This is a good thing to hear from the leader of the Party of Fiscal Responsibility. This following some earlier statements by the leaders of the government branch of the financial system, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and Security & Exchange Commission head Christopher Cox (yes, John McCain's scapegoat guy). The stock market soared as punters rushed to buy cheapo financial equities. Yes, now that the Taxpayer will apparently be buying the bad debt from the banks that made the loans (and banked the loan fees), Investors can return to business as usual. And firmly tell the US Government to quit trying to crush us with all that burdensome regulation. Indeed, there are those who are already complaining about the Bailout. Lost in the chaotic scramble: The Taxpayers and the Investors are the same people!
Not to worry though - we can finance the potentially Trillion Dollar government intervention by cutting taxes!