Friday, January 18, 2008

Preznit giv Money!

Feckless Leader wants $145B to be put in the hot little hands of the US spending public, so to get them back on the consumer gravy train to hell.

How this will do anything but possibly postpone the day of reckoning is beyond the power of my feeble imagination. The bond insurers are going belly up, and when the bond insurers tank can the bonds be far behind?

Local governments and pensions are going to have enough worthless paper to start a nice fire to stay warm with, but in the meantime don't you really want a nice HDTV?


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