Diary

September 19, 2008: The Day that Capitalism Died

I always worried that HillaryCare would nationalize one of the biggest sectors of our economy.

Little did I know that PaulsonCare would nationalize an even bigger one.

Treasury Secretary Henry Paulson is making taxpayers bail out the banks for the bad mortgages they made. In a matter of days, we’ve gone from “Paulson adamant no taxpayer money for Lehman” to “Paulson adamant taxpayers to bail out every bad bank on Wall Street.”

This is far worse than Harriet Miers. Far worse than Heckuva Job Brownie. Far worse than Medicare Part D. Far worse than McAmnesty. Hank Paulson is selling future generations into unimaginable debt to bail out his Wall Street buddies.