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To: henkster
"Are we going to pump money into the financial sector only to continue the process of loaning money to those who cannot repay?"

That's exactly what they are planning to do with the $ 700 Billion - pump enough air back into the bubble to get us past the election.

All the scare talk about the economy will get Obama and a veto and filibuster proof Congress elected, but they really can't afford to have the economy begin to actually unravel prior to Nov. 4 because that might frighten people so much their reaction might be unpredictable - like voters might decide to toss all the incumbents, not just Republicans from office.

8 posted on 10/01/2008 9:06:00 AM PDT by penowa
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To: penowa

That’s what I thought. The bankers figured out a way to create a panic and extort money out of politicians. The politicians are paying protection money. Our money. When I saw ACORN funding part of the 1st proposal the light went off in my head and I knew where this was going.

We’ve been told day after day “we have to act now.” Haven’t acted yet and where’s the calamity?


9 posted on 10/01/2008 10:46:57 AM PDT by henkster (There's nothing wrong with the economy that an expensive bailout can't prolong.)
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