Friday, September 19, 2008

Numb Nut
Some numb nut money manager on CNBC just said that the bailout will make taxes are double or triple over the next four years. What an idiot. No way taxes are going to increase that much. I would be surprised, if not shocked, if the Government does not make money on the distressed assets it's going to acquire. And, I bet the liquidation happens faster than expected. (The AIG deal is going to be a home run.) I agree with Hank Paulson's statement this morning that the cost of the bailout will be far less than the alternative.

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