You remember the fear, at the end of September, the world was going to collapse. The credit market had frozen up, there was no lending going on. If the government didn't pass a 850 Billion dollar package to infuse the banks with the requested cash, the world markets would crash and burn, end of the world. Of course the public was told the bailout was only 700 billion but there was no reporting of the media during the election of all the tacked on pork from our good democratic public servants bringing home their dollars to ensure their re-election next cycle.
This economic problem was all because of George W Bush. Yeeeeeeeeaaaahh, something like that. The media didn't investigate anything prior to reporting what happened in September. There was nothing reported about Barney Franks association with his "friend" and his association with Freddie Mac. Chris Dodd and Countrywide.
The democrats said that after the money would be allocated to the TARP (Troubled Asset Relief Program) program, an advisory board would be appointed. There hasn't been any board created and money is being given away right and left. As of yesterday the Secretary Paulson reversed his intention of what the TARP program would do. We won't buy troubled assess ts, we'll just fund banks.
American Express, a credit card company, is now a commercial bank in order to get 3.5 billion dollars. Now there is the discussion of bailing out the Big Three auto makers, which is nothing more than a bailout for the UAW on the backs of the Nation.
It's time for American voters to be really pissed off. It is not going to change in the coming administration. You Obama voters believed you were getting a tax cut, that won't happen. 47% of you who voted for Obama don't pay taxes anyway. If we could simply hook up all the illegals, the folks who don't pay income tax, and convince them Obama has the right answer, we could make America such a better place. Well MSNBC will have you believe that, America doesn't like you MSNBC and that is why your viewership is in the tank.