Obama concedes that bailout costs may force him to adjust plans
September 23rd, 2008 by Sonny
On the bright side it shows Obama has at least a nodding acquaintance with reality. Maybe he could commit to getting the US out of a certain oil producing hell hole in the middle east that’s draining billion per month from the treasury, hmmm? On the other hand, McCain having never met a fact he couldn’t ignore for his personal benefit, promises to extend the welfare handout tax breaks to the creme de la creme of America’s wealthiest families while gleefully flushing tax dollars down the toilet in Iraq indefinitely. Brilliant!
Let’s run up that deficit some more and see how much of our treasury notes our foreign masters “trading partners” in China dump. Really, they don’t even need to dump the assets, they can just stop buying new treasury notes and send us, along with much of the world, into a economic tailspin that hasn’t been seen since the Great Depression. Either that or continue buying increasingly less attractive assets from our treasury. Not a pleasant situation is it?
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