Why There's No Real Economic Bail-Out Money
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Stimulus package not aimed at homeowners
The Fed is trying to stimulate credit growth while banks are trying to protect themselves by actively reducing it.
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"This brings U.S. spending for its military establishment during the current fiscal year (2008), conservatively calculated, to at least $1.1 trillion." -- We like the study cited that pointed out military spending goes negative in terms of economic contribution in the sixth year. The US military-industrial complex is going on 60 years with no sign of let-up. No wonder what's left of the private economy keeps attempting to make money on insane mega-ponzi schemes.
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January 22, 2008
On the Road to Ruin
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