David Sirota: We Were Punked: "So we were punked not by those who said there was a real credit problem - there certainly was and is a credit problem, though it's only one of many problems, and it certainly isn't a problem that justified spending a trillion dollars of no-strings-attached money in less than two weeks of deliberation. We were punked by those politicians and pundits who said what we had to do to fix the problem was not to both inject capital into the real economy (spending on infrastructure, health care, unemployment benefits, mortgage relief, etc.) and target reasonable amounts of well-overseen taxpayer cash to the specific banking sectors that required immediate aid, but instead to exclusively throw an ungodly amount of unregulated money at Wall Street while completely ignoring the real economy, and more specifically, to throw that ungodly amount of money at Wall Street with absolutely no strings attached."
(Via Huffington Blog.)
