Congress to consider additonal $850 billion bailout labeled as "stimulus"

The 111th Congress is preparing to consider an additional $850 billion in bailout money on top of the 7.5 trillion(see Bloomberg Link) already squandered. Just as they renamed the bailout "TARP" this additional bailout money will be called "a stimulus". If it walks like a bailout and talks like a bailout it is a bailout, Just don't tell Congess that. They think main street is too stupid to know the difference.

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.