Here is an excerpt from a Time Magazine article which makes the case AGAINST the huge bailout being pushed down our throats. Here is an excerpt:
Let Risk-Taking Institutions Fail
By Ari J. Officer and Lawrence H. Officer Monday, Sep. 29, 2008
“Follow the money. Average Joes and Janes are not the holders of the other side of [...]
Posts Tagged ‘National Debt’
Let Risk-Taking Institutions Fail
Posted in finance, politics, tagged Bailout, financial, financial sector, mortgage bailout, National Debt, politics, Wall Street on October 1, 2008 | 2 Comments »
The Credit Crunch Arrives
Posted in Happiness, politics, tagged credit crunch, depression, mortgage bailout, National Debt, politics, Wall Street on September 30, 2008 | Leave a Comment »
Here is a link to today’s Time Magazine article about the credit crunch rolling out in America today. An excerpt:
“For car loans, the division between those who feel the crunch and those who don’t often comes down to credit score. The average 60-month new car loan is priced at 7.10%, not much different than in the [...]
Our National Debt
Posted in politics, tagged National Debt, politics on September 22, 2008 | Leave a Comment »
I thought I would take a look at how our National Debt has progressed over the past few presidential terms. I pulled some figures from our Treasury Department’s website www.treasurydirect.gov and this is what I found:
Beginning of Bill Clinton’s 2nd term in office, 1-12-1996: $4,988,740,098,872.67
Beginning of George (the Younger) Bush’s 1st term in office, 1-14-2000: $5,719,849,572,269.03
Beginning [...]
