View Single Post
  #128   Report Post  
posted to rec.boats
D.Duck D.Duck is offline
external usenet poster
 
First recorded activity by BoatBanter: Dec 2006
Posts: 1,533
Default Bridge loan to nowhere..


"Eisboch" wrote in message
...

"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



I have some German pre-war 500,000DM paper. Want to buy some, cheap? 80