Ping!
‘“Free Market System Blamed and Socialist Solutions Offered”
This has not yet happened, but just wait.’
What?!? What the HECK are the $7 TRILLION in bailouts if not a “socialist solution”? The government won’t even tell us where $2 TRILLION in loans went!
The shameful thing is this enormous ‘transfer of wealth’ with virtually no oversight or approval. I’d be very grateful if someone who understands more of the details would tell me how much real inflationary pressure the bailouts have put on the economy. Inflation is a way of robbing everyone with savings. I understand we’re not looking at any kind of classic inflationary pressure _at the moment_.
At any rate, this has at least limited the damage 0bama can do in some areas. It also gives him big ammunition for things like cutting military programs. :-/
And the sound of the ca-ca hitting the fan pierces the night.