Obama's bail-out program
Please can someone explain to me in details what is it?
How can he rescue economy injecting money into the system, when that money comes from the system previously?
Is he going to print fake money in his downstairs?
Re: Obama's bail-out program
The bailout plan is something that will further Obamba political agenda but not help the rest of us. The only thing that will "rescue" our economy is tax cuts so don't let those idiots fool you into believing otherwise. It's not really "fake" money but printing it up and distributing it lowers the value of the dollar and will only lower our purchasing power but they already know this and are playing around to make themselves look like they're trying to fix things.
With that being said, my taxes are so high I can hardly breathe and if I don't pay them, they'll take my house. If they lowered my taxes, I'd have money to spend on myself to fix the house or buy a computer, a car, etc.
No amount of so called "bailout money" will convince the American people to buy overpriced automobiles and houses unless the prices are reduced and that's not gonna happen. The CEOs of these companies will get a nice bonus and take vacations but the averages American won't benefits from the bailout because we'll be just as poor or worse because our dollars will be almost worthless.
"distributing it lowers" how?
to whom?
The value of the dollar is based on something and if you print up 2 dollars using the same base, each dollar is only worth half as much. Printing up 4 dollars makes each dollar only worth 25 cents or 25% of what the 1 dollar was worth in the begining or 100%. So printing up a bunch of money will lower the value of every dollar that's already in circulation. Obamba plans on distributing the it to large corperations but it's the average consumer that makes the economy work and we won't get a dime of that money. Cutting our taxes would enable us to spend more of our money and would stimulate the economy.