Monday, February 9, 2009

Bailout Questions You Might Have Missed

My thanks to a friend for reminding me of this clip. I heard it when it happened, and tried to find the audio on the network feed the next day. No dice. But here, in living color is the exchange that I think all of us should have heard.



It appears billions of dollars have gone down a rat hole in the first bailout. According to testimony before Congress, the U-S has already lost around $78 billion. I drove back to Knoxville this afternoon from Tri-Cities, and it was disturbing to see all of the places that have been in the news recently because of job layoffs and dismissals. Around Knoxville, everybody knows somebody who is out of work…maybe two or three somebodies. And it appeared to me that the number of tractor-trailers on the interstate was significantly reduced. Our Sunday afternoon money-talk host made a good point today. He said there is a difference between a financial stimulus bill, and a Trojan horse that contains spending for some pet projects. Our economy is sick. There is no doubt in my mind that we are in real trouble. The unemployment, foreclosure, bankruptcy, and delinquent loan numbers all point that way. I’m just not sure if there is a doctor in The House, or The Senate either right now.

Posted by Dave Foulk in 00:00:33
Comments

4 Responses to “Bailout Questions You Might Have Missed”

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    March 16, 2009 at 6:34 pm

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  4. Anonymous says:
    June 1, 2009 at 5:20 am

    I don’t think it is so much that our Economy is Sick, but the fools who trying to run the economy are sick..when you have elected officials who make it a career to keep getting elected they don’t have time to learn and focus on really fixing the problems we send them to fix… & why can a Senator be a senator for ever if re-elected but a President can not… shouldn’t we start there with some changes.. term limits for congress..