Saturday, December 20, 2008

Who the Hell!

Paulson says Congress will need to free second half of $700 billion fund!

Paulson, is trying to get his hands on the $350 billion remaining funds for what?
Earlier, Paulson had said he expected to leave the remaining $350 billion to Obama's team. But he said Friday that having Congress free up what's left of the money now was important "to support financial market stability."

The original plan was to buy up bad debt from banks, but Paulson abandoned that approach, in favor of having the government directly buy stock in the banks.
Paulson said the first way would have taken too long.

Paulson's statement came out as President George W. Bush ordered an emergency bailout of General Motors and Chrysler. Ford was not expected to seek short-term help.


Analysts said they saw Paulson's announcement as an effort to assure financial markets that should the second part of the fund be needed, the current administration would move quickly to have it approved by Congress.

read rest of the article http://www.msnbc.msn.com/id/28313411/

Creative Conclusion;

America:
Look, learn and listen.

Look, for Paulson to spend all that money before Bush leaves office, but you will never know who got it. He may owe favores to companies, so what would be easier than giving them a little money say $12 Billion each for a holiday gift!

Learn
why Paulson and Bush are using the money no matter what Congress has told them. They both don't care about the future of America, they are leaving the spot light in style! Spend, spend, spend.

Listen: America, I want you to go run to your bathroom and flush your toilet, go ahead I'll wait........., go.........flush it...............because that's the sound of our money going no where!

Way to go Paulson and Bush you just spent $700 Billion dollars in less than 120 Days! No one could do that even if they were have as smart as you!

No comments: