The Obama Administration is trying to keep the nightmare of “systemic risk” from becoming an American reality by sinking billions upon billions of tax payer dollars into AIG. AIG may fail anyway. Where should the bailout of AIG stop? At $200 billion? At $300 billion? At $700 billion? At $5 trillion? At some point the bailout will simply have to stop. And if the federal government cannot save AIG all those billions/trillions of dollars will simply disappear and trillions upon trillions of more dollars will disappear from the immediate collapse of the global economy.
Then what happens to the ambitious domestic program that the Democrats won the White House, Congress and the Senate on? American politics will shift again.
Is this what Rust Limbaugh wants?
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