Tuesday, September 30, 2008

A "Bailout Failure" Hypothesis

Here is a thought, the "bailout failed" due to a lack of credit for the Federal Government.  That the Republican held congress until two years ago, borrowed, borrowed, borrowed to be able to cut taxes for their buddies.

The congress stalled for a week to pass the legislation because they were looking for a place to borrow more money.  When it came up empty, nobody wants to risk money even on the US Government, they put on a show.

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