Operation Gratitude Care Package Weekend!

Thursday, November 4, 2010

This is probably why I'm not a wealthy politician...


Now let me get this straight.  The Fed is going to buy SIX HUNDRED BILLION DOLLARS worth of Treasury Bills that we can't sell on the open market because face it, the world doubts we'll make good on them.

UPDATE:  make that NINE HUNDRED BILLION

So we're buying our own debt that we very possibly will never recover even from ourselves, by printing money we don't have with nothing behind it, and this is going to improve the economy HOW?

1 comment:

Anonymous said...

I thought there was only five As, but three Rs, and two Gs.

Isn't this scheme like carbon credits? Wonder how many Barry had to purchase for the India trip? Questions, always more questions.

Deborah Leigh

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