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House passes Bail outFollow

#1 Oct 03 2008 at 10:32 AM Rating: Good
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http://money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100309

it took a lot of earmarks to get that thing pushed through. So do you think that the bail out will do as it is intended for, or do you think we just added another 700 billion to our deficit for nothing?
#2 Oct 03 2008 at 10:34 AM Rating: Excellent
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What did you think HoR meant?



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#3 Oct 03 2008 at 11:14 AM Rating: Good
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missed that one Smiley: blush
#4 Oct 03 2008 at 11:33 AM Rating: Decent
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Mistress DSD wrote:
or do you think we just added another 700 billion to our deficit for nothing?



Pretty much
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#5 Oct 03 2008 at 12:52 PM Rating: Excellent
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It's definitely for nothing because the Federal Reserve has been pumping billions into the global economy on its own this week. So really, what's 700B more from the government when the FR can do it all they want without permission?

Edited, Oct 3rd 2008 8:46pm by Pikko
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#6 Oct 03 2008 at 12:59 PM Rating: Decent
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Quote:
It's definitely for nothing because the Federal Reserve has been pumping billions into the global economy on its own this week. So really, what's 700B more from the government when the FR can do it all they want without permission?



Cool... Kiss Social Security goodbye as it is the only entity that the Fed's can borrow from without permission.
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