Sunday, March 22, 2009

Geithner's Big Plan: We'll Just Print and Spend Another $1 Trillion!

Problem solved, we'll just print another $1 Trillion. Thanks wonder boy!

Maybe we should send a copy of The Constitution to these people. This nationalization, regulation furor is getting out of control!

The Maximum Wage crusade is in full swing.

I have no problem with setting stipulations on companies who receive government aid moving forward.

But this plan calls for Big Brother-style Government to regulate all banks, investment firms and possibly other companies!

Legislation such as the law passed last week in Congress to tax AIG bonuses is unconstitutional. and violates every free-market economic principal!

It's hard to imagine that a government who will run a $10 Trillion deficit over the next ten years will help Wall Street.

Where do they expect to get this money? Inflation is going to rise to levels never dreamed of and that's exactly what Obamunnism is all about!

Break the banks, destroy Wall Street and the investment community, and have a Totalitarian government takeover of the entire American economic system.

You'll see.

WASHINGTON – The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books.

The new effort, to be unveiled Monday, will be followed the next day with release of the administration's broad framework for overhauling the financial system to ensure that the current crisis — the worst in seven decades — is not repeated.

A key part of that regulatory framework will give the government new resolution authority to take over troubled institutions that would pose a threat to the entire financial system if they failed.

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