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no way he can bail them out since rpeublicans control the purse strings........
no way he can bail them out since rpeublicans control the purse strings........
Essentially what the FED is doing is repeating Fannie Mae - only on a global setting.
Fannie Mae was developed to provide loans to people who can't afford those loans.
Guess what the outcome of that was (and still is)?
Yesterdays move by the FED is to provide loans to nations who can't afford loans.
Guess what the outcome of this is?
Essentially what the FED is doing is repeating Fannie Mae - only on a global setting.
Fannie Mae was developed to provide loans to people who can't afford those loans.
Guess what the outcome of that was (and still is)?
Yesterdays move by the FED is to provide loans to nations who can't afford loans.
Guess what the outcome of this is?
Inflation will eventually hit us like a smack to the face and there will be a whole lot of folks caught pissing into the wind wondering what happened.
Essentially what the FED is doing is repeating Fannie Mae - only on a global setting.
Fannie Mae was developed to provide loans to people who can't afford those loans.
Guess what the outcome of that was (and still is)?
Yesterdays move by the FED is to provide loans to nations who can't afford loans.
Guess what the outcome of this is?
Inflation will eventually hit us like a smack to the face and there will be a whole lot of folks caught pissing into the wind wondering what happened.
We are already there...$5 for a box of corn flakes...$4 a gallon for milk now...soon we will be paying a sustained $4 a gallon for gasoline...yesterday I made some chicken pot pies - I saw we were out of carrots...almost $3 for 7-8 carrots!!
So we are bailing out the Euro with the money China gave to bail US out. Anybody else see what's wrong with this? If the French wanted to see the Euro so bad for Europe, then THEY should find a way out of their own mess they created and leave the United States out of it. We have enough debt problems of our own, as well as an economy that hasn't seen any significant improvement since this community organizer took office. However, if he can so easily throw away taxpayer dollars for political experiments like Solyndra and Cash for Clunkers, then this is nothing more than another drop in the bucket to him. President Obama has done his "fair share" in creating this spending / debt mess, I'm sure he feels he can simply hand it over and give someone else the responsibility to do their "fair share" to try and clean it up.