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<a href="http://www.accessmylibrary.com/coms2/summary_0286-35887826_ITM" title="Facts and information about From "Henny Penny" Morgenthau to Henry Paulson: the circumstances of today's $700 billion bailout are eerily similar to those of FDR's New Deal, and today's Pied Pipers are playing the same bipartisan, power-grabbing tune.(HISTORY--past and perspective)">From "Henny Penny" Morgenthau to Henry Paulson: the circumstances of today's $700 billion bailout are eerily similar to those of FDR's New Deal, and today's Pied Pipers are playing the same bipartisan, power-grabbing tune.(HISTORY--past and perspective)</a>
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From "Henny Penny" Morgenthau to Henry Paulson: the circumstances of today's $700 billion bailout are eerily similar to those of FDR's New Deal, and today's Pied Pipers are playing the same bipartisan, power-grabbing tune.(HISTORY--past and perspective)
"It's not based on any particular data point," a Treasury Department spokeswoman told Forbes.com concerning how the figure of $700 billion was arrived at for the financial bailout package. "We just wanted to choose a really large number."
Choosing a "really large number" helps, of course, if one is trying to convince the American public that the nation is facing a really large emergency, and that the government must be given really large powers and really large sums to deal with the emergency. Which is why governments love emergencies and crises, whether real or imagined.
Over the past few weeks, Treasury Secretary Henry Paulson has led a team of ...
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