Economists and conservatives reacted sharply Thursday to reports that tens of billions in TARP bailout money flowed out of the United States and into the coffers of big banks in France, Germany, and other nations during the government rescue of the U.S. financial system.
That news came as the U.S. economic picture continued to worsen, with rising unemployment claims and a surge in U.S. homes lost to foreclosure.
CATO Institute budget analyst Tad DeHaven tells Newsmax: “The economy has become increasingly global, so it’s not shocking that TARP bailout money ended up at foreign financial institutions. Nonetheless, bailing out U.S. financial firms was bad enough — that foreign institutions also benefitted from the largesse just adds insult to injury.”
J.D. Foster, senior economics fellow at The Heritage Foundation, said: "The overwhelming force slowing the economy down now is a lack of confidence among American businesses and consumers. The primary reason for that lack of confidence is the policies out of Washington seem completely out of touch with that reality."
GO HERE to read more.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
Precisely it is the international banking cartel (Rothschild Family Dynasty) that controls the U.S. Government through the Federal Reserve Bank. ALL of the Fed officials are Jewish non-appointed members except for the acting Chariman (Bernanke) who is also Jewish. These Zionist bankers have a one-world government agenda which is being created by establishing a one-world economic system of debt driven fiat currency.
Who is this guy that spout the "internation banking cartel" stuff everyday? lol
These banks have definetly lied to the politicians. They got the bailout and then took the money into their foreign branches to invest. They are not reinvesting in America.
Why did our politicians give them our money without making them invest it here in America?
Our politicians are on the bank's payroll in my opinion.
But I disagree with the first commenter. Our Federal Reserve is a branch of our government. It is not a private or international cartel.
The Fed is American as apple pie
Everyone knows that Jewish people are more intelligent than other races. They don't go around bragging about it but everyone in the corporate world knows it to be true. Why else would all the bankers be Jewish? Why do you think they have been persecuted for so long? They are the world's natural leaders. It has been that way for centuries.
Sounds like someone is jealous of the Jews dominance in the business and banking industry. Probably passed over for a promotion?
The Fed REserve is an American institution and looks out for American interests in a global economy. They look out for us more than our politicians.
If there are a lot of Jews on the Fed then so be it. Im not racist, are you?
Post a Comment