Thursday, September 25, 2008

Scott Ott rewrites President Bush's Speech

I don't pretend to understand this whole debacle, but I suspect Scott Ott is closer to the truth than Dubya:
(2008-09-24) — The foundation of the U.S. economy could crumble, President George Bush said today, if Congress fails to approve a U.S. Treasury plan to take over foundering financial firms, a proposal which the president called “a much-needed 21st-century civil rights act for stupid people.”
...

“We need to guarantee that the structures, systems, people and products that got us to this point won’t be tossed on the ash heap of history,” said Mr. Bush. “If these giant companies fail, then America will be left with nothing but thousands of small to mid-sized financial firms that made prudent investment decisions during the past 15 years.”
Best to read the whole thing.

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