…and removes all doubt.
…and is utterly, completely underwhelming.
“The truth is I don’t know what the bailout is yet,” Biden said Wednesday afternoon in Maysfield, Ohio. “It looks like they’re lending them a little bit of money. I don’t know what they’ve done, I haven’t had a brief on it. I haven’t spoken to the Secretary of the Treasury.”
…and these are the people we’ve been waiting for?
Gee Joe, the economy is the political issue now. Ya’ think y’all might wanna get schooled on the subject?
Truth is, the Democrats don’t know anything about “The Economy, Stupid.”
…and blaming the “suffering” of the middle class on Bush’s policies is political dejecta.
The federal government is loaning AIG $85 Billion at eight percent interest which is to say the Fed could potentially profit in the deal.
Make no mistake. This is an unwise installment is what in looking more and more like a serial government bailout that will only encourage more deservedly failed enterprises to line up with their hand out. Further, these short-term fixes only serve to undermine the long-term health of our economy by weakening our dollar.
The prospect of a government bailout (now in place) of Fannie and Freddie emboldened them to take risks they would otherwise not have taken. The cascade effect allowed Washington Mutual, AIG, and others to follow suit. They, along with GM are now raising the white flag.
These companies should be condemned to suffer quick, conspicuous deaths, allowing their assets to be picked up by their rightful owners – those institutions that wisely resisted the lure of chasing too little reward by accepting too much risk.
Meanwhile, Joe Blow Biden incredulously believes this to be the time to talk of raising taxes.
Democratic vice presidential candidate Joe Biden said Thursday that paying more in taxes is the patriotic thing to do for wealthier Americans. The Republican campaign for president calls the tax increases their Democratic opponents propose “painful” instead of patriotic.
“We want to take money and put it back in the pocket of middle-class people,” Biden said in an interview on ABC’s “Good Morning America.”
Versus stimulating and enhancing the opportunities to earn it themselves, right Joe? You arrogant socialist hack.
A more accurate choice of words is “confiscate”. Only a liberal democrat would assert that “taking” money from those that have leveraged the American Dream by investing, working hard, and employing others will somehow result in a stronger America.
I’m actually starting to believe Obama’s assertion that Joe Biden is a regular “lunchbucket” kind of guy. Just exactly the wrong kind of myopic mind to be assuming leadership of our nation.