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I remember the fall of 2008 not so much as the time of an historic election but as a time of astonishment at the massive amounts of money our government, a Republican administration and a Democratic Congress, was willing to throw at the financial elites while demonstrating, for the most part, their utter cluelessness about why the money was needed or what would be done with it. At first it was $700 billion, then $850 billion and then trillions. All within the space of a few weeks.
