The $700B bailout made it through the House by a wider margin than expected, 263-171. The really sad part is that the government is going to lose their shirt on these purchases sticking us with the tax bill PLUS it isn't goint to do anything and we're going to slide into a deep recession anyway. Leave it to the government to get it wrong.
Each one of us just invested thousands in a huge money-losing mutual fund. The only consolation is that MAYBE (although I doubt it) this bill will help out the economy enough that our net worth will drop less than it otherwise would have, enough to offset the expense of this bill. Of course, how on Earth would one measure such a thing. No accountability.
At least I'm happy to report that my representative Phil Gingrey voted against this steaming pile of cow dung. He has my full support - vote, volunteer time and campaign contribution.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment