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April 05, 2009


Deroy Murdock reviews the basics of what Obama & Congress just did to our financial system.

I like this line best:

Think of the bailout as $4.17 trillion in spending on a credit card with a $12.8 trillion limit.
And our total annual GDP is $13.4 trillion. Do you have a credit card with a limit equal to your annual income? If so, do you plan to max it out? On top of all your existing mortgages and debt?

I didn't think so.

Posted by: JBD at 10:15 AM | No Comments | Add Comment
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