‘The Republican Party Needs to be Burned…’
Jul 31, 20201M Shares14.4M Views
I’m guessing Brad DeLong isn’t too happy about today’s failure of the bailout bill. He’s got a suggestion on what to do next: Bring Congress back into session after the election and adopt a nationalized plan.
From DeLong:
“„…go for the Swedish plan: nationalize the insolvent large financial institutions: dare Bush to veto that after the election.
“„Vote Count:
“„Democrats: 141 Yea, 94 Nay
Republican: 66 Yea, 132 Nay.
“„This Republican Party needs to be burned, razed to the ground, and the furrows sown with salt…
Well, it wasn’t a popular bailout plan to begin with, so it’s hard to say how much voting it down will hurt Republicans. Probably depends on what the markets do, and what happens a few months down the road. If a bailout never gets passed, that’s when you’ll see lots of people start losing their jobs due to the credit crunch.
Paolo Reyna
Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
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