Monday, October 20, 2008

Bailout 2

The Times: Reports on comments by Chairman of the US Federal Reserve Ben Bernanke, in essence after the Wall Street Bailout, Main Street will have to bailed out, money will have to pumped in to the system as to get people spending. In other words a Refreshed New Deal , aka FDR. The problem with that point of view is the fact that it was not the New Deal of FDR that got the USA out of the Great Depression but World War Two. Another bailout would make the USA the new sick of the Western System, the government can not bail everyone out, tough but honest. Think a President Obama and a Liberal Congress and how much damage they will do your pocket book.

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