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"Bailouts could cost U.S. $23 trillion" - thoughts on this Politico.com article?

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bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 03:57 PM
Original message
"Bailouts could cost U.S. $23 trillion" - thoughts on this Politico.com article?
http://www.politico.com/news/stories/0709/25164.html

One of my "friends" on Facebook posted a link to this. She's a right-wing nutjob, so I thought I'd see what you all had to say about it before I respond.
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BlooInBloo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 04:05 PM
Response to Original message
1. Orrin Hatch just said $39 trillion for Medicare.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 04:05 PM
Response to Original message
2. 1. It's Politico.
2. Goto 1.

:)

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johnaries Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 04:05 PM
Response to Original message
3. Bernanke talked about the Fed's "exit strategy" in an Op-Ed today
Edited on Tue Jul-21-09 04:07 PM by johnaries
in WSJ.
http://online.wsj.com/article/SB10001424052970203946904574300050657897992.html

edit to add: Bernanke's statements proves the Politico article is pure bullshit.
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lapfog_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 04:08 PM
Response to Original message
4. Pure bullshit.
and hyperbole.

But that didn't stop Faux from running it (it was on their crawl for hours).

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bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 04:30 PM
Response to Original message
5. She also posted this one from The Economist:
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galileoreloaded Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 04:31 PM
Response to Original message
6. Actually it was a Bloomberg article that quoted the independant Inspector General.
Google is your friend. Or Bing. Whatever.
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 04:47 PM
Response to Original message
7. Politico tends to be full of shit.
The money is already gone, the question is what to do about it.
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bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 07:34 PM
Response to Original message
8. Kick!
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bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-22-09 07:47 AM
Response to Original message
9. Kick!
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