We paid for this instead of a generation of health insurance, or an alternative energy grid, or a brand-new system of roads and highways. With the $13-plus trillion we are estimated to ultimately spend on the bailouts, we could not only have bought and paid off every single sub-prime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country - and still have had enough money left over to buy a new house for every American who does not already have one.
Most people, when they imagine New England, think about old colonial homes, white houses with black shutters, whales, and sexually morbid WASPs with sensible vehicles and polite political opinions. This is incorrect. If you want to get New England right, just imagine a giant mullet in paint-stained pants and a Red Sox hat being pushed into the back of a cruiser after a bar fight.
The race for the White House is normally an event suffused with drama, sucking eyeballs to the page all over the globe.
If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.
The House Rules Committee is perhaps the free world's outstanding bureaucratic abomination - a tiny, airless closet deep in the labyrinth of the Capitol where some of the very meanest people on earth spend their days cleaning democracy like a fish.
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