American Sheeple Punk’d Yet Again

Is the Credit Crunch a Big Lie?

Even as the media continue to repeat the claim that credit has frozen up, evidence has emerged suggesting the entire story is wrong.

There is something approaching a consensus that the Paulson Plan — also known as the Troubled Asset Relief Program, or TARP — was a boondoggle of an intervention that’s flailed from one approach to the next, with little oversight and less effect on the financial meltdown.

But perhaps even more troubling than the ad hoc nature of its implementation is the suspicion that has recently emerged that TARP — hundreds of billions of dollars worth so far — was sold to Congress and the public based on a Big Lie.


Why is it called “common sense” when it appears to be so rare?


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