Britain Announces Huge Bank Bailout – NYTimes.com.
I’m a bit behind on this part to be sure..but the ramifications are recently revealed. The US is going to be doing the same thing. I say this becuase the Bush has already lied repeatedly saying the trilion dollar bailout was for main street when it was really for the chinese and saudis. AIG also gets another 37 billion dollars after they are already wasting the money on lavish parties. Nancy Pelosi says we need to spend another 150 billion for another economic stimulus. Peloosi asks in the article, “Should we be spending money on a war without end when we cannot support our own economy?” Here’s one back at you…can we afford to continue to print money out of thin air which increases inflation, devalues our currency when we can’t support our own economy? It is amazing how quickly we are haeding towards being a socialistic nation and most of hte american public either doesn’t care or is too dumbed down to see what’s right in front of their faces.
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