Money Matters

Before we hand hundreds of billions of dollars to the Bush administration to buy and socialize our way out of the current financial crisis, it might not be a bad idea to pause. Pause and consider how efficiently they've handled large sums of cash in the past.

Think Progress has a partial list of cases where money has either simply disappeared or has been spent to get almost nothing in return. Some of it looks like deliberate efforts to transmit zillions in government funds (i.e., our money) to favored private corporations. Some of it looks like sheer, bone-stupid incompetence. None of it inspires confidence that they won't take all the money they now say they need to disperse and spend it all on gin.