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Bridge loan to nowhere..
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Eisboch
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First recorded activity by BoatBanter: Jul 2006
Posts: 1,445
Bridge loan to nowhere..
"BAR" wrote in message
...
wrote:
Obama's already talking about major infrastructure spending with the
intent of creating jobs. It seems to me, saving GM's jobs, might in the
long run, be cheaper.
Where is the money coming from to pay for those infrastructure projects?
In this recession the government doesn't have the revenue to pay for these
extra projects. With the cost of oil dropping like a rock The Obama cannot
raid the oil companies for "wind-fall-profits" and the worst thing The
Obama can do is raise taxes on anyone.
Nope, and this has been something I've learned as I watch and listen to and
about this mess.
The government can write checks forever. They print the money.
Eventually, hyper-inflation will come along and bite us in the ass, but
right now
most of the left leaning economic experts are saying, "We'll deal with that
when the time comes".
Eisboch
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