Clueless

MANIFESTO

No wonder I couldn't figure out what was going on in the Bushies' latest stride toward socialism; no one else can either.

The Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt. Relief washed over Wall Street with a surge of buying.

President Bush, flanked by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, acknowledged that the program will put a "significant amount of taxpayers' money on the line."

... Paulson gave few details but said he would work through the weekend with leaders of Congress from both parties to flesh out the program, the biggest proposed government intervention in financial markets since the Great Depression. Members of the Senate Banking Committee said they had yet to receive details of the proposal, but were ready to move quickly when they do.

So apparently something is going to be done, it'll be hideously expensive, but no one knows exactly what it is.

This fly-by-the-seat-of-their pants policy-making has pretty much been the modus operandi of the Bushies since day one. Therefore, it shouldn't be surprising that this latest grab into the pockets of Americans will be any different.