The Bailout Sucks

Here's just a few more articles that prove that I was right again about the bailout being complete fraud. I kind of get tired of being right all the time. In this case, I wish I wasn't. But I guess I'm blessed with common sense that so many in Washington are lacking.

US Abandones The Original Strategy? US Not To Buy Troubled Assets? Basically, they don't know what the hell they are doing!

http://www.msnbc.msn.com/id/27689267/

http://www.foxnews.com/story/0,2933,450744,00.html

http://www.nytimes.com/2008/11/13/business/economy/13bailout.html?ref=yourmoney

http://www.cnn.com/2008/POLITICS/11/12/campbell.brown.bailout/index.html

On Wednesday, there was a big change to the government bailout plan and already a lot of people are screaming foul.
Treasury Secretary Henry Paulson told us he now has a different plan for how to spend that $700 billion of your money.
When Congress OK'd the bailout package, they all told us it would be spent buying troubled mortgage assets.
That's what Congress voted on. That's what Congress approved.
Now, Paulson says it would be better for the economy if he uses the money to buy bank stocks as a way to help their balance sheets so they are more likely to lend you money for a car or student loan or credit card.

If you had read this blog, you wouldn't be surprised by this!