Sunday, September 21, 2008

Congress may try to add stimulus to market bailout

Congress may try to add stimulus to market bailout
Final cost could be $1 trillion, higher taxes may be coming

Oh yes.  Here it comes.  Not only will we pay via inflation we will be taxed to boot.  The greatest swindle of all time just keeps getting worse.  Of course they are talking about government “bailouts” of industrial giants as well, such as GM.  What they are not telling us is that the mortgage industry derivatives are less than 10% of the entire derivatives bubble.  The credit derivatives market is many times bigger and has yet to be resolved.  The first phase of this bursting bubble—centered around the housing market—has blown up, and there may be an interim lull for 2-6 months, but we ain’t seen nothing yet!  The Obama administration will be the perfect cover for the final blow up.  Our sweet socialist mama will be there to take gentle care of us when the Second Great Depression unfolds!

http://www.marketwatch.com/news/story/congress-may-seek-add-stimulus/story.aspx?guid=%7BC107DC6D%2D03B6%2D4287%2DAD0D%2D5FD67819FC86%7D&tool=1&dist=bigcharts&

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