Where is the money coming from?
Let me see if I understand this: The government wants to give the banks more money so they can lend more. This isn’t just the Bush bailout, it’s part of Obama’s as well. The government doesn’t actually have the money, so they have to borrow it. (My brain is hurting here. The concept defies logic.)
This can only work out one way: As the economy continues to collapse, people will subsidize their unemployment with credit. Gas and groceries, nothing tangible. People get deeper into debt to banks, and then government taxes the people heavier to pay off it’s debt. Eventually, this system will fail, because the people in the middle will have nothing, the government will keep going after bigger and bigger fish (businesses and the rich), until there is nothing left but the government and the banks.
Get out while you can.
This can only work out one way: As the economy continues to collapse, people will subsidize their unemployment with credit. Gas and groceries, nothing tangible. People get deeper into debt to banks, and then government taxes the people heavier to pay off it’s debt. Eventually, this system will fail, because the people in the middle will have nothing, the government will keep going after bigger and bigger fish (businesses and the rich), until there is nothing left but the government and the banks.
Get out while you can.
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