This time with 10% tax reduction for corporations to get Congressional Republican's to bite.
Just another reason that the 2 party system is full of corruption and needs to be eliminated.
Printing money we do not have, to pay for the misdeeds of a few, will lower the dollar value.
Mark my words this is not a good thing.
This is a short sighted response to our current situation.
JerimiahSX explains on Views From Within:
The saddest part…other than a few street protests most people will not take the time or make the effort to stop them. Most of you (if you even read this) will just sigh, shrug your shoulders and think to yourself that you didn’t have the ability to make any ‘real change’ anyhow, or you think (even worse) that your elected leadership has YOUR best interst at heart, the truly slumberous of you.Even Ron Paul states:
We’ve allowed them to do everything except anally rape our mothers while pouring sugar in our gas tank by this point. As disgusted as I am with the government, I’m THRICE as disgusted at the “CITIZENS.” Go back to sleep, sheep. Zzzzz.
Now we hear about taxpayer protections, about golden parachutes, and about other nuances that hardly cover up the fact that we would be creating more money out of thin air and further devaluing the dollar! The problem is not HOW the government is spending this money; it’s the fact that the government is spending this money. We don’t have it. We are already nearly $10 trillion in debt, not including unfunded liabilities. We already spend about $1 trillion a year we don’t have on our overseas empire. Now nearly $1 trillion more is somehow supposed to magically appear and solve all our problems! No - creating more money might delay the inevitable for some well-connected banks on Wall Street, but in a few weeks we will find ourselves right back in this same position, but much poorer.
The unfortunate thing is that we’ve already spent at least $700 billion on other bailouts that did not solve the problem. And while all this negotiation was taking place, the auto industry was quietly bailed out, with no controversy, no discussion, to the tune of $25 billion.