The Column

Saturday, October 4, 2008

How much is $700 billion dollars?

(Photo of the Arthur Ravenel Bridge by Ron Kacmarcik)

It's 1,000 of these.

It's also the President's price tag to bail out the mortgage industry and to stave off an economic meltdown. After the House rejected the first proposal Tuesday, a second version cleared both houses of Congress by Friday and will go into effect.

As I mentioned, I'm not hopeful. The federal government has proven time and again its ineffectiveness at handling money, especially of the blank-check variety. Although you can throw the blame a whole bunch of different directions, no matter how you pretty it up the bulk of the accountability falls squarely in the government's lap.

And now they think they're gonna fix it? H'mm. There must be a lot of Bourbon and branch water flowing in the Capitol's drinking faucets.

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