The Nation sees the bailout as a swindle.

[Kablooie]

Edit
I mistook the Nation for a different publication.
My mistake.
Good article anyway.
---


Paulson Bailout Plan a Historic Swindle

Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses--many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction?

If Wall Street gets away with this, it will represent an historic swindle of the American public--all sugar for the villains, lasting pain and damage for the victims.


http://www.thenation.com/doc/20081006/greider

[lxlxlxl]

extreme conservative? huh?

...

[Tansy_Gold]

1. The Nation is NOT NOT NOT "conservative"

Sheesh.

[Kablooie]

10. Oops. I screwed up there. I was thinking of the Weekly Standard. Erk.

Big stupidity on my part.

Sorry bout that.

[benddem]

2. the Nation

is NOT conservative...it is an extremely liberal publication.

[KayLaw]

3. I don't think The Nation is conservative.

Unless I'm wrong, that is, but I think you may be confusing it with The National Review.

[deadmessengers]

4. Wow, someone needs to tell Katrina Vandenheuvel that she's on the wrong radio network.

Air America would be pretty miffed if they'd found out they've been having an "extreme conservative" on....

[cali]

5. ack. the nation is one of, if not the most, liberal/progressive publications

in the country.

[Blue_In_AK]

11. No White House spin, no corporate slant

just the Straight Dope. (Cue picture of George Bush.)

[malik flavors]

6. LOL. The Nation is like, the most liberal publication in the country.

[Pirate Smile]

7. Are you kidding? The Nation "extremely conservative"?

[AlCzervik]

8. The Nation is conservative? Can i have some of what you're smoking and or drinking?

[tularetom]

9. I don't think the Nation is all that conservative, is it?

From what I've seen of their writers on TV I'd have to say conservative they ain't.

Of course I wouldn't call this bailout conservative either.

[enough]

12. Kablooie, I think you must have some other publication in mind.

The Nation is one of the most venerable left-wing publications in the country. And long life to it!

[City Lights]

13. The Nation is not "an extreme conservative" publication.

Perhaps you're confusing it with The National Review or The Weekly Standard.

[nancyr]

14. But, but,...I just subscribed to it.

Silly me, I thought it was liberal.

[BlooInBloo]

15. WHAT THE FUCK are you talking The Nation being conservative?

Fucking genius DUers.

[Kablooie]

16. Please ignore my ignorance. I mistook the Nation for a different publication.

Sorry bout that.

[Raine1967]

18. The Nation is Conservative...

That is how left I am! :sarcasm:

(just trying to lighten this one up, ' tis all. )


:P

[jefferson_dem]

19. Hey, no problem.

Thanks for the post.

[wiggs]

17. Point is...whenever there's a bunch of money this administration and their

supporters will find a way to politicize it and take advantage of the opportunity to skim as much off as possible. There's no reason to trust this won't happen and I wish pundits and candidates would say that.

[pleah]

20. K&R Good article.

Thanks. :thumbsup: :)

[trthnd4jstc]

21. There is another DU post about Sen. Obama calling this Bailout a Blank Check:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3502795

I believe Sen. Obama's response to this Bailout is worthy of reading:
http://news.yahoo.com/s/politico/20080921/pl_politico/13703