I must have dozed off and skipped a page. Our new policy is to sell government bonds to raise cash to give to private equity firms to lend to non-creditworthy borrowers so they can drive new Chevy Suburbans down our crumbling roads and bridges, converting Middle East oil into greenhouse gases at the highest possible rate?
Monday, January 05, 2009
Current events
From a letter to the Wall Street Journal today by Murray Ross, of Pleasant Hill, California:
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