Let's look at the "so" in "We. Are. So. Fucked."
Let's say that the markets majorly collapse, the FDIC fails, and there are no jobs for you, at least none that allow you to keep your residence and luxuries like food. The treasury has, of course, all been spent on greens fees to reward the guilty.
Then what? Is it 28 Days Later, without (or maybe with) the virus?
We have massively more people than during the Depression, and fewer opportunities and skills for them to even do a day of farm labor once in a blue moon.
Is Katrina going to look like the Golden Age of rescue services? Are we looking at a slow-mo version of what the WTC jumpers faced as the fires climbed up the towers? Is there any bottom to how fucked we could quite conceivably be?
There isn't even a new "Mad Men" on tonight. Fuck!
Of course, what could possibly go wrong? Sez Paulson:
The last thing I’ll say to them -- there are no guarantees in terms of the overall economy, but this program is designed to work. I believe it will work.
And I just will say to the American people we can have confidence. We’re a great country. We’ve worked through these problems. We’re going to work through this problem.
And remember, it all goes to the American people. We’re the most entrepreneurial, hard-working people. That’s the root cause -- the root strength of our economy. I’m sorry we’re in this situation, but we’re going to work through it.
I feel bad for Paulson, who feels the stress most of us feel when we're handed three-quarters of a trillion dollars of discretionary money, and thus slipping up and using the term "root cause." Let us never speak of such things again.
Look, his plan is "designed to work," and he "believes" it will. Done and done!
Here's the money quote, as it were, that suggests my little hypothetical exercise is just that:
Well, we’re going to have some professional asset managers and some real experts working with us.
Shee-it, honky, that's all you had to say!