Obama promised that this ‘stimulus’ was just the first step. Boy was he RIGHT ON TARGET!
Today, Tim “The Tax Cheat” Geithner spoke of the NEW AND IMPROVED plan to save the banks and all Americans who are losing their homes.
$1.5 TRILLION dollars are to be used. This would be a ‘partnership’ between the government and investors.
For those who did not know, we just did this with Bank of America. The government told the CEO that it was ‘patriotic’ and would be ‘good for the country’ if they bought the troubled assets. The problem is that the assets were worse off than the bank was told and they lost billions- to the brink of bankruptcy.
Yeah. Great idea. The market is letting them know what they think already.
Like I have already said. I am hopeful that all of those who used to be Democrats (now the Socialist Enabler Party) and voted for this guy are the first ones to feel the effects of massive government intervention in the markets.
Per the Congressional Budget Office, there will be a small bit of improvement in the near term, but a much worse economy in the end.
What will they say then? They need to do MORE?
The revolution is at hand. Will you be a leader or a follower?