Monday, July 14, 2008
Another week, another bailout by the government/federal reserve. Our policy of subsidizing lending institutions isn't very popular, nor should it be. At this point, what are they protecting? Substantial declines in the stock market based on fear? Ah, we've already had quite a bit of that. This policy is killing our currency, not to mention it is sending the wrong message. There are more banks in trouble, and we can't afford to bail them all out. The taxpayers are covering this bill.
At the same time we are exporting $700 billion per year for foreign oil, and the charge against this is being led by an oil man? (Its a good plan by the way, please sign up for it here.)
How can anyone be pleased with our politicians right now?