Sunday, June 29, 2008

America must institute sound monetary policy and stop wasting money war mongering to solve this, but they won’t..

As economy freefalls, Congress vacations

With reports of gas prices climbing towards $7 a gallon and a continuing foreclosure crisis, Congress is doing what polls show most Americans expect it to. Not a whole lot. So what has Congress been up to recently? Bill sent to President Bush for approval include $162 billion for next year’s war funding, $63 billion for the GI bill and $12.5 billion in renewed unemployment insurance for people whose 26-week benefits have run out, the Associated Press reported. Mexico welcomed a recent measure approved by Congress that sends the country $400 million to deal with a campaign against drug trafficking, Agence France Presse reported. President Bush expressed disappointment that the amount was $50 million less than he had requested. Meanwhile, 8000 homes fall to foreclosure each day!

Posted by planning4acrash @ 01:09 PM (918 views)
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6 thoughts on “America must institute sound monetary policy and stop wasting money war mongering to solve this, but they won’t..

  • p4ac – I think they’ve all gone to glasto !

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  • planning4acrash says:

    Nah, far too conservative for that, unless of course if the spooks all went there to do surveillance on the radicals and carry out agent provocateur missions.

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  • planning4acrash says:

    They are watching the football!!!!!

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  • Europhiles!

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  • planning4acrash says:

    Nowt wrong with European football, I just don’t want unelected, unrepresentative Euro officials printing our money and writing our laws under a corporatist framework!

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  • Great game though. Spanish flair, dour German arrogance. Wonder if the Bundusbank (spelling?) will try to punish the impudent Spaniards by making Trichet up rates by 0.5% this week, just to teach them a lesson?

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