Economic & Political Shorts

Here's a really great This American Life from 10/3 that explains in understandable terms what's going on (or was going on last week) with the financial crisis.

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In the This American Life above they talk a lot about how most economists like this stock purchase plan better than just giving away $700 billion (and how it sneaked into the bill signed last week).

On the surface it reeks of socialism (and odd that it's happening during a Republican administration), but does it really? Isn't it more capitalistic to expect to get something in return for giving the financial industry $700 billion?

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Who's angry now, Mr. President?

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We all new this was going to happen.

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But we hadn't counted on this: