An Unpleasant Truth

Commentary by Nicholas Von Hoffman of The Nation in regard to Treasury Secretary Henry Paulson's proposed bailout.

"As for costs, he said no more than that it will involve a significant investment of taxpayer dollars. A better adjective than "significant" might be "staggering." The economic tar pit is so deep and so sticky it may be necessary to sacrifice wildlife programs, preschool education and scientific research. Even without knowing the numbers, we can kiss health insurance goodbye. If and when Obama gets in, he will discover the cupboard is bare."

I suppose the one piece of good news is that we won't have money to bomb Iran.