Saturday, November 08, 2008

  1. I think the bailout has actually only cost about $200b so far, and is being done right.  In a matter of 30-days the Fed has recapitalized dozens of banks and it is starting to bring credit back into the system.  Buying stock in the banks is far preferable to buying the bad mortgages. 

    I’m not really sure they’ll need that other $500b and I think that we might get a return in five years on the $200b already put to work.  Maybe other smaller banks will take another $200b but we’ll see. 

    The other $500b will probably go to bailout the auto makers and CCC type infrastructure projects Obama and the Democrats will champion.

    Posted by .(JavaScript must be enabled to view this email address) on November 08, 2008 at 1441 hrs


  2. This country is really going to be screwed if those borrowers suddenly stop borrowing to the U.S. government.
    Another way to look at it is a debt of $350,000 per every man, woman andchld in the U.S.  Think we will everpay it don any time soon.  Further, people complain about the cost ofIraq, but how much do we spend on interest each day, month and year?
    Thank you GOP and Democrats.

    Posted by .(JavaScript must be enabled to view this email address) on November 08, 2008 at 1543 hrs


  3. Good thing your party doesn’t give a rip, Owen.

    Posted by .(JavaScript must be enabled to view this email address) on November 09, 2008 at 1550 hrs


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