Five Democratic governors are determined to help President George W. Bush secure his legacy as the president who helped to destroy the U.S. economy in order to protect idiot real estate speculators.
Placing their faith in the false gods of Keynesianism, they want the U.S. government to fork over $1 trillion –in addition to the $8.5 trillion the federal government and the Fed have already committed to various bailouts– to help cash-strapped states, Reuters reports.
In other Bush legacy news, the U.S. Treasury announced it plans to provide financial aid to companies that supply automobile manufacturers.
President Bush better pick up the pace. He’s only got 17 days left to bury U.S. capitalism altogether.
POST SCRIPT later the same day: It turns out Treasury Secretary Paulson gave a farewell interview to the Financial Times. Of course Paulson says the current financial downturn isn’t government’s fault. Of course he does.