From the LA Times:
You know where that very important $700-billion figure came from?
Here’s a quote from that Forbes story:
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
They made it up to be sufficiently ginormous to frighten everyone into rapid action.
And it worked.
Hat tip: Michelle Malkin — Michelle has throughout this bailout vote been a voice of fiscal conservatism and limited governmental power — keep up the great work Michelle.
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