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Tuesday, October 14, 2008

Bush - Everything in Iraq is Going According to Plan

PHASE THREE OF THE WAR HAS BEEN CAREFULLY PLANNED

Bush this morning, on this White House's prodigious ability to make decisions covering all the bases ...:

(paraphrase) "...these steps have been carefully planned."

Carefully planned?

The Plan sounds like something someone blurted out, after raising their hand ... soon, we'll find a power-point, with phase-three of this crisis ... unarticulated, with a Rumsfeld note, "democracy is untidy".

WHY DID PAULSON DO IT? 'WE CAN BE HEROES'

Here's the Paulson conundrum.

If the system is really in trouble - I mean seriously in trouble, like avoiding Great Depression II, then giving $20 billion to mega banks and $10 billion to investment banks is ... peanuts.

If the system needs only a little capital or no capital at all, then Paulson looks like a hero.