Trillions down and still bailing

Money Central
by Bill Fleckenstein

11/17/08

A hodgepodge collection of efforts has put us all on the hook for piles of money, and what do we have to show for it? A still-terrible market and a recession...

//articles.moneycentral.msn.com/Investing/ContrarianChronicles/trillions-down-and-still-bailing.aspx



From reform to crisis

Liberty Unbound
by Jim Walsh

The United States is a debtor nation. As the country’s ‘family and friends,’ American citizens should pay attention to that rational decision-maker. As the country plunges into a recession, it is asking us to lend it money. Again. We’re making the loan; but our relationship is going to change... (for publication 12/08)

//libertyunbound.com/article.php?id=51



Funny business

Idaho Liberty
by Ted Dunlap

11/14/08

So let me get this straight. Ford, GM and Chrysler build products that nobody buys (alongside some that do get sold). The unsold products sit around in storage sites waiting for buyers. Lack of sales causes lack of income. Therefore we should print even more dollars, take dollars away from everyone who earns or owns them, to give to the automakers. Since our new socialist government is going to be more equitable than the old mercantilist one, the dollars given to the automakers will be distributed not to the mis-managers, but to the proletariat. About the only way I can figure to do this in an egalitarian fashion, is to give those dollars to the workers who, in turn, keep producing autos (at $85/hour union scale wages, of course)...

//idaholiberty.com/?p=78


Informant: Thomas L. Knapp

--------

Financial Crisis Tab Already In The Trillions

By CNBC.com

CNBC, has been keeping a running tally of actual spending as well as the commitments involved. Try $4.28 trillion dollars. That's $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources.

//www.informationclearinghouse.info/article21263.htm



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