I think it's looking more like $1.3 trillion to most people who seem to know... And even if we don't have a solid number, I wouldn't trust that $700 billion number as far as I could count it in a day -- these are the same assholes who gave us the estimates on the Iraq War costs and PROFITS...
But I don't think they're looking for a "return to normalcy." I think they're looking for the next step on their economic evolutionary scale -- and whether they'll admit it to themselves or not, that next step is fascism.
This isn't "socialised debt" -- it's fascism, pure and simple -- the government is melding into corporations and vice versa. It has been for years, but this step? One GIANT LEAP for fascist-kind.
Paulsen and congressional Republicans, or the few that will actually vote for this (most will be unwilling to take responsibility for the consequences of their policies), have said that there can't be any "add ons," or addition provisions. Fuck that. I don't really want to trigger a world wide depression (that's not hyperbole, that's a distinct possibility), but I'm not voting for a blank check for $700 billion for those mother fuckers.
Nancy said she wanted to include the second "stimulus" package that the Bush Administration and congressional Republicans have blocked. I don't want to trade a $700 billion dollar giveaway to the most unsympathetic human beings on the planet for a few fucking bridges. I want reforms of the industry, and I want it to be as punitive as possible.
Henry Waxman has suggested corporate government reforms, including CEO compensation, as the price for this. Some members have publicly suggested allowing modification of mortgages in bankruptcy, and the House Judiciary Committee staff is also very interested in that. That's a real possibility.
We may strip out all the gives to industry in the predatory mortgage lending bill that the House passed last November, which hasn't budged in the Senate, and include that in the bill. There are other ideas on the table but they are going to be tough to work out before next week.
I also find myself drawn to provisions that would serve no useful purpose except to insult the industry, like requiring the CEOs, CFOs and the chair of the board of any entity that sells mortgage related securities to the Treasury Department to certify that they have completed an approved course in credit counseling. That is now required of consumers filing bankruptcy to make sure they feel properly humiliated for being head over heels in debt, although most lost control of their finances because of a serious illness in the family. That would just be petty and childish, and completely in character for me.
I'm open to other ideas, and I am looking for volunteers who want to hold the sons of bitches so I can beat the crap out of them.
But how often has it turned out o be not so at all?
They called scientists delusional -- and worse, hell, possessed by demons -- when they first saw what others did not.
Look, I'm not assuming the mantle of Defender of the Faith, here -- I think it's delusion, too. But that's my opinion, and NOT verifiable fact. I cannot PROVE they are delusional -- they may very well be privy to information I simply cannot access.
I just don't know.
I SUSPECT. I reason. I draw my conclusions based on, you know, stuff I can see and touch and examine and verify...
But ask a quantum physicist and she'll give you a WHOLE other set of arguments.