Oct 03 2008
Ron Paul on the Goldman Bonus Rescue / Pork Act of 2008
From 3 pages to 700. Pork laden and far worse than its original decrepit form than when the House rejected it, today it passes and it is signed into law.
By signing onto this bill, Congres and the President have guaranteed the U.S. will sink into a slow, long depression. Expect more good money to be thrown after this $750 billion fails in order to to “save” this initial $750 billion from being wasted. No doubt it will make the politically connected on Wall Street very happy, but it will come at the expense of the already crippled productive economy.
I’m going long pitchfork and torch manufacturers. They’ll be in high demand in about 3 years. I joke, of course, but not so much.
