Still 30 more days. McCain can pull off a turn-around. Thankfully liberals like yourself don't decide elections nor control the news anchors like they did in 2002. Times have changed. Palin could call Obama a stinky pile of horse shit and the media would condone it.
Bailout type Cost to taxpayers (Source: Reuters) Financial bailout package approved this week up to or more than $700 billion Bear Stearns financing $29 billion Fannie Mae and Freddie Mac nationalization $200 billion AIG loan and nationalization $85 billion Federal Housing Administration housing rescue bill $300 billion Mortgage community grants $4 billion JPMorgan Chase repayments $87 billion Loans to banks via Fed's Term Auction Facility $200 billion+ Loans from Depression-era Exchange Stabilization Fund $50 billion Purchases of mortgage securities by Fannie Mae and Freddie Mac $144 billion POSSIBLE TOTAL $1.8 trillion+ NUMBER OF HOUSEHOLDS PER U.S. CENSUS 105,480,101 POSSIBLE COST PER HOUSEHOLD $17,064+ If people are pissed about this, he will need to think twice before raising taxes. Full article: http://news.cnet.com/8301-13578_3-10057618-38.html?tag=nl.e433
Fox Business TV had an NYSE trader today stating the market was getting spooked by this vicious cycle of - down markets, Obama victory, higher takes.......... http://larrysinclair.org/
Aw come on wilbur... You know we need to flush out the Republican crap that created this house of cards. Get someone that actually has a brain in the White House. And paying a few more bucks in taxes shouldn't hurt a rich guy like you. Also, you need to stop watching FOX Business and/or News!
Beat deal is to roll it over for at least 200 years by then is will only cost 10% of what it cost now to pay off. What we need to do is stop adding to it. Also better to have our debt in the hands of all the worlds countries. It provides us a level of national sercurity. Makes it costly for a debt holder to attack us.