Posted on 10/14/2008 6:00:08 AM PDT by SERKIT
WASHINGTON — President Bush said Tuesday his administration will spend $250 billion this year to purchase stock in banks and take a number of other bold steps in an effort to combat a global credit crisis that is threatening to push the U.S. into a deep recession.
(Excerpt) Read more at foxnews.com ...
Well both McCain and Obama are total failures in my book we should protest for a do over of the nomination process I’d like to go with Huckabee or Ron Paul thanks.
Ah yes, more socialism, please!
It's simple! The socialists are taking over the banks. From now on if you can get a loan, the minimum price will be in excess of 5% because that is what the feds expect to get for the cash infusion.
This is but one way the socialist are going to take over the economy and run it into the ground. Rather that save the failing banks, the socialists intend that the stable ones be brought down to the level of the ones who are failing.
That way the money of the rich is transfered to the poor.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.