Friday, September 19, 2008

Let me see if I get this

I admit economics is not one of my strong points. But let me see if I'm following this.

The U.S. government has taken over the two biggest holders of mortgages, which were created by the government and had deep ties to the government anyway.

The U.S. government has loaned $85 billion to a giant insurance company.

The stock market rallied Thursday on word the U.S. government and other governments around the world are working on a plan to bail out banks in general.

The gist seems to be that some huge companies ran out of money, and the U.S. government is giving them some of its.

Now, I don't know much about economics, but I do know where the U.S. government gets its money: Taxes and firing up the printing press.

The back of my hip hurts. Hurts bad. You know, the spot where I keep my wallet?



Anonymous sunni said...

River Tam voice: It's going to get much, much worse.

12:27 PM  

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