I’m just getting around to reading the The Second McCain-Obama Presidential Debate transcripts from October 7, 2008 and Barack Obama’s words caught my eye:
And, in fact, we just found out that AIG, a company that got a bailout, just a week after they got help went on a $400,000 junket.
So I went and found the story about the AIG Junket, but what I can’t find is the story about the working class rioting in the streets. Because there is no story. I guess they’re all too busy, wiping tables, cutting hair, dumping garbage and detailing cars in a futile effort to make their next mortgage payment.
As per usual, Kunstler was right when he noted the following Monday:
The Big Bailout of last week may be partially rescinded as it becomes obvious that it has had no effect — I believe about half the $700 billion has already been allocated, which is to say: lost.