I will not reference Chappelle’s Show
Claim #4: Attorney General Charles Ogletree will spend a trillion dollars on slavery reparations.
A trillion dollars! Can you imagine the treasury spending a trillion dollars on any one project?
Which all just made me realize that we should have instituted reparations instead of the Paulson bailout. Despite my jokey title, I’m actually not joking when I say that this would have been a better solution. After all, if we’re going to redistribute wealth (which is, after all, exactly what the Paulson plan was, anti-Obama talking points aside) we might as well get serious about it.
Update: I hope I haven’t done this post too much a disservice with the Chappelle’s Show reference, but I really think that Chappelle’s irony underscores what I’m thinking: That an economy built on a trillion dollars flooding the market would do better in the hands of people who are mostly building from the ground up than to prop up business models and operators that are proven failures.