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Bank hoardingOn October 28, as the Treasury Department announced a series of steps to begin delivering infusions of a $250 billion government bank-recapitalization plan, White House spokeswoman Dana Perino used carrot-and-stick language to convince the nation’s banks to lend more money.

AIG signThe American International Group is burning through its $123 billion bailout loan quickly. According to Edward Liddy, the man brought in to restructure the company, it may soon need to ask the Federal Reserve for even more.

Sheila BairFirst Wall Street bankers. Then government lending agencies known as Fannie and Freddie. Next in line for federal handouts was the international insurance company A.I.G. It begins to look as though the recipients of the hundreds of billions in bailouts will include virtually everyone. While the federal gravy train is still dispensing its favors, state governments are now looking to Washington to cover their huge deficits.

The Panic of 2008 Torn Dollar

Thanks to Congress, the American taxpayer has been stuck with the bill for the bailout plan — but that is only the beginning. Where else could the Panic of 2008 take us?

Hugo ChavezIf Hugo Chavez, the Marxist president of Venezuela, has his way, the legacy of President George W. Bush will be that he brought America "surging" to the left of even the regime Chavez has established in Central America. 

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