Thursday, December 4, 2008

The Golden Goose will lay no more.

Blood Pressure
Moderately High

Forbes reports that the current financial bailout stands at 6.3 trillion dollars. What office supply store did the Federal Government get the calculator to compute a figure that large? Let us put that figure in some kind of working perspective. The planet has just over 6 billion people , the United States is nearing 300 million people. Will you just for a moment imagine what 300 million people could or would do with 6.3 trillion dollars.

We only assume what the pyramid builders on Wall Street and the largest banks are planning on doing with it.If that's not enough food for thought today, how about the big three in 2 1/2 weeks time have upped the asking price from 25 billion to 34 billion. Did inflation hit their books or is it the cost of driving the hybrid cars to Washington to appear humbled by it all.

This insanity must come to a stop before the Federal Government owns all the free market business in the United States.
The credit crisis that we face is the fault of the government urging lenders to supply the American dream to everybody, no matter if they could afford it or not.
When instruments of credit such as ARMs' and no interest loans came due the people who were told that everything would work out and that the investments they made in real estate would appreciate overnight, were left with no choice but to default on the loans. We will discuss credit card lenders at another time.

The time has come for the medication to kick in on the PRESSURE

JasperJack

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