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Proposed $700 billion bailout bill is a cop-out.

Publication: San Diego Business Journal
Publication Date: 29-SEP-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Proposed $700 billion bailout bill is a cop-out.(EDITOR'S NOTEBOOK)(Editorial)

Article Excerpt
Somewhere along the recent timeline of fast-moving events, those wonderful folks in Washington (and Sacramento, and many state capitals in between) decided that the government is the economy, and the economy is the government.

If you think that an absurdist assertion, then consider the pell-mell rush to raise $700 billion to $1 trillion to fix the financial mess that has taken down the mighty titans of Wall Street.

By the time you read this, the fix could well be in, so to speak.

The galactic-sized bailout bill could well be law, and we--you, me and every taxpayer in the land--would be on the hook for more cash than anyone ever thought possible for a single expense.

(One catch, though. All of...

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