I'm going to write a post with a whole bunch of themes because a lot happened today, and some of this is inter-related.
First, the big news of the past week, and particularly of the past couple of days. The $700,000,000,000 bailout. I'd just like to say this is the most ridiculous thing ever. We have this quote from the treasury:
It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number.
WHAT?
You're kidding right. You just picked $700,000,000,000 out of thin air? Brilliant. I'll try doing that with my taxes. I wonder how well that will go over. I was having fun with math today. If you had that much money in $1 bills, you could cover more than the entire state of Delaware. In $100 bills, you can cover a good portion of D.C. or the entire island of Manhattan with extra left over. Seriously, that's 27 square miles of $100 bills. That, and nobody has any idea if this plan will really work.
I can't believe the Democrats are agreeing to this. First they should have laughed, and then they should have started from scratch on their own plan. I mean right now, it looks like the Dems and Bush are going to pass this and the Republicans are all going to vote against it. Perfect. Give them something rail against for the next 40 days. All I can say is: wow, we suck at winning elections.
Another note, does anybody get the feel that this is Bush trying to deny Obama any sort of FDR like legacy. I mean, now, the history books will all talk about how Bush saved the economy (that he messed up in the first place) right before leaving office. It might even salvage his legacy, even if it doesn't work, because Obama is going to come in and put a meaningful plan in place once he gets elected. Argh.
Slight topic shift. There's been action by True Majority to hold "emergency" protests against the bailout. I saw on their site that there would be on at the San Francisco Federal Reserve today, so I rode my bike by there on the way home. There was a pretty decent turnout for a protest thrown together in only a few days. Unfortunately, there were these 9/11 conspiracy theorists standing in front of all the protesters, and they had the biggest sign. I really hate this. I mean, I hate 9/11 conspiracy theorists in general, but I hate it more when random protesters, that may have some agreement with the original protest, show up. Counter-protesters are fine, but this "other random semi-related" crap seems to happen at every progressive rally/protest I ever go to and it's starting to piss me off.
I particularly hate 9/11 conspiracy theorists because they are viewed as fringe crazies and when they show up, they discredit the rally they are attending. They do measurable harm wherever they show up.
That's my rant for today. How was your day?