Although it cost more than the Louisiana Purchase and the Alaska purchase combined and offers far less acreage, President George Bush today said he thinks “U.S. citizens will welcome our 51 state with open arms.”The announcement that the financial realm collectively known as “Wall Street” had applied for statehood follows a week in which the federal government took control of mortgage giants Fannie Mae and Freddie Mac, and insurance megalith AIG. It also comes as news breaks that the U.S. plans to spend up to a $1 trillion to “rescue” other foundering financial firms.
President Bush noted that the newest state is not so much a geographical swath of land as it is “a state of mind.”
“Once the statehood process is complete,” the president said, “We will find that the people of Wall State are just like those in the rest of our great nation. They’re hard-working, industrious and patriotically-dependent upon the centralized government to insulate them from the consequences of their own actions.”
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