Federal policymakers in two administrations have now spent or pledged more than $11 trillion over the last five months alone trying to resuscitate the American economy.
Another $2.5 trillion could be in the pipeline.
Nothing has worked, however.
Unemployment is still climbing, consumer confidence is still tanking (taking the Dow Jones with it), credit is still frozen and yet the government continues to pump imaginary money into the problem.
In fact, the only thing Washington’s “bailout culture” seems to have stimulated is an explosion in fear … and the national debt.
So our question is this … when will things get better?
Loading ...
By Pat Hendrix February 25, 2009 at 4:05 pm
Where does the 11 trillion number come from?
By Bert February 25, 2009 at 11:43 pm
Patti,
The 11 trillion comes from the wallets of hard-working Americans.
Cheers!