Saturday 20 September 2008 - Filed under Politics
US President George W Bush has defended a rescue package to tackle the worst financial markets crisis for decades.
Mr Bush said the measures required the US “to put a significant amount of taxpayer dollars on the line…But I’m convinced that this bold approach will cost American families far less than the alternative,” he said.
When times are good the profiteers on Wall St. reap the benefits. When times are bad, instead of letting market forces adjust, all the rich folks suddenly become socialists. The government must step in with billions!
The real alternative, Mr. Bush, was tighter regulations to prevent this sort of catastrophe in the first place!
2008-09-20 » lolife