The incredible hulk otherwise known as Henry Paulson has a plan, and it’s a doozy. For a mere $500 billion (and perhaps as much as a trillion) the country can buy its way out of economic disaster. Certainly that ratchets up George W. Bush’s advice to go shopping after the terrorist attacks of 2001.
My congressman, Democrat Charles Rangel, spent two hours on the phone with Paulson talking about legislation that will come before the House Ways and Means Committee, which he chairs. He discusses the conversation in today’s New York Times. http://www.nytimes.com/2008/09/20/nyregion/20about.html?scp=1&sq=Rangel%20Paulson&st=cse
“It ends up, ‘Trust me, it’s the right thing to do. And if you don’t do it, the economy will melt down. Not only do we have to do this, you have to do this next week,’” Rangel said.
Random reflections on politics, the media, political activism, women's lives and spirituality, often inspired by travel, cultural events or what I read.
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