Gun guru, you are missing the point. Let me esplain this. This money to cover the greed of those who made idiotic and fraudulent loans has to come from somewhere. (I happen to know a security guard with seven kids who got one of those sub-prime loans after defaulting on another mortgage. I think that they needed to check the loan officer in that case for brain waves!) Here is how the five hundred billion, seven hundred billion, or the one trillion dollars, depending on which gestimate one reads, comes from. First, our gutless, brain dead congress passes a law raising the national debt from 10.6 trillion dollars to what ever is necessary for the bailout and authorizes the strange fellow now occupying the White House to set up the mechanism for the fleasing of the middle class tax payers. Next, the appropriate amount is borrowed from the Federal Reserve, which is a private bank controlled by various shadowy banks and bankers, wonderful fellows all, I am sure. The Fed then pushes magical buttons on their computer, (they used to run the printing presses to create the money, now they just push buttons) and there is the inflationary funny money used for the "bailout". Now, the interest on the national debt this year alone is four hundred billion dollars, paid to the Fed, by the way. How much more the interest will be after the "bailout" is anybody's guess. This wonderful, magical "bailout" may indeed slow the train wreck of an economy that is barreling along, but at best it only will delay the problem, and make it worse for our children and grandchildren. At some point in time this inflating of the money supply will make the dollar worthless. The estimates that I have read say that as of right now, the money supply is being inflated at 15% per year. I doubt if this estimate takes into account the recent financial skullduggery on the part of our government. It is indeed going to be a bumpy ride. Hope this helps.
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