Quotes for posterity
Yesterday TMFiPhone and I were talking about how we'd all better start logging some of the weirder quotes and moments over the last couple months or so... because come on, 20 years from now the textbooks won't capture just how scary and sometimes absurd this has all been. I've got a few quotes I want to remember and share with younger generations decades from now about this period:
-- "This sucker could go down" - President Bush
-- "It's [the $700 billion bailout figure] not based on any particular data point. We just wanted to choose a really large number." - Treasury spokeswoman quoted in Forbes
-- "Our toolkit is substantial, but insufficient." -- Hank Paulson, after the House rejected the bill on the first go-round, here's a WSJ article on his disappointment. (In my opinion, this dude should really avoid any mention of the word "tool")
-- President Bush (on bailout plan): What's Plan B? Paulson: There is no Plan B. -- according to a Washington Post article
OK, there's got to be more -- although one other good element of this time has been the "quick switcheroo" tendency. John McCain going from "fundamentally sound" economy to economy in "total crisis" within what, a day or two; Bernanke saying the bailout was necessary to avoid a recession one week (remember I made fun of that statement?), and then yesterday Bernanke was all like, oh yeah, we are gonna have tough sledding after all no matter what, my bad! LOL. For goodness' sake. At one point I remember seeing a WSJ time line graphic that showed things Paulson has said over the months, including how quickly he went from the situation being "manageable" to "complete crisis," but unfortunately I couldn't find that to source to. (It was a nice feature, though.)
Anyway, if anybody has any other ideas of quotable quotes to remember for posterity, feel free to share them. The last couple weeks have been like getting completely punch drunk every time you check the news, so I'm sure it's easy to miss some/forget some, etc. And I'm quite certain future generations are going to want to know how this all really went down (especially when they realize all they started owing even before they were even born, poor things).