The Obama Administration is Becoming a Stand-Up Comedy Act Fri, 05/08/2009 - dlindorff What a joke the Obama administration is becoming, as it keeps trying to prop up failing industry after failing industry.
First we had the president becoming First Car Salesman, offering federal guarantees for GM and Chrysler car warrantees so that potential car customers wouldn't turn away from those two companies' showrooms fearing that the manufacturers would go bust and leave them holding the bag. Then he started touting the cars themselves, saying they were "great products" and that people should go out and buy them. Now we have the White House and Treasury Department assuring us that all 19 of the country's biggest banks are going to survive the credit crisis and the economic slump, and that they are all basically sound. Okay, so some of them, like Bank of America which has to come up with $35 billion in new capital, need cash infusions or need their books juggled-a total of $100 billion for all 19 banks--but as Fed Chairman and Chief of Rehabilitation and Promotion (that's CRAP) for the banking industry Ben Bernanke, is assuring us, "All the banks in the stress tests are solvent. Read more http://www.thiscantbehappening.net/?q=node/311 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
