The Bush administration has proposed a massive bailout plan of at least $700 billion (maybe as much as $1.7 trillion) to stabilize the financial system amid the biggest economic crisis since the Great Depression. Treasury Secretary Henry Paulson, a Bush appointee, and the president are pushing for Congress to rapidly pass the plan this week with little debate and no amendments. The right wing and the banks want a plan that gives a blank check to Wall Street with no oversight.
Wrong? Capitalism in crisis The truth about oil 9/11 Land for the landless
The ugly days of the 1950s witchhunts returned to the headlines this month, hitting me in a very personal way.