Spotted on Politico:
According to one GOP lawmaker, some House Republicans are saying privately that they’d rather “let the markets crash” than sign on to a massive bailout.
“For the sake of the altar of the free market system, do you accept a Great Depression?” the member asked.
One good thing about a Great Depression II is that it would rid the body politic of these idiots.
[Update: David Brooks apparently agrees with me:
What strikes me most about the House Republican position is the awesome chutzpah. Given all the uncertainty, they are still willing to stake out an astonishingly bold position that goes against the grain of conventional wisdom. If they are successful in blocking the Paulson approach and they are wrong, we will enter another Depression, the Republican Party will be blamed and the G.O.P. will cease to exist.]
To be clear: nobody (except Wall Street) wants a bailout to save Wall Street's sorry butts. The only reason we're even considering it is because many serious people think it's the only thing that will save OUR sorry butts.
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