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Thread: $700 billion : "We just wanted to choose a really large number."

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    Champ DogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond reputeDogtorEvil has a reputation beyond repute DogtorEvil's Avatar
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    $700 billion : "We just wanted to choose a really large number."

    http://www.forbes.com/home/2008/09/2...23bailout.html

    In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

    "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."

    Wow. If it wants to see a bailout bill passed soon, the administration's going to have to come up with some hard answers to hard questions. Public support for it already seems to be waning. According to a Rasmussen Reports poll released Tuesday, 44% of those surveyed oppose the administration's plan, up from 37% Monday.

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    Re: $700 billion : "We just wanted to choose a really large number."

    700 billion is about what we have spent in Iraq to date. http://www.usatoday.com/money/econom...terstitialskip

    Or about $2,000 for every man, woman, and child in the U.S. So if Bush gives us a little bit larger economic stimulus plan this whole thing should blow over . . . man I love Capitalism! I'm willing to barter one slightly used elephant.

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