Give it away, give it away, give it away now. Bush has gone and lost his mind. Why would we throw our good money after bad. Why are we abdicating our economic sovereignty to the EUroids - moochers, looters and collectivists
Bush has lost it. He is leaving 350billion for Obama because he is a "gentleman " and wants people to like him ? The economy needs the money yesterday and Bush, Paulson and Congress royally screwed this up.
The auto executives said nothing about labor costs at all and how the unions are destroying this country. Surely Obama will give in because he owes the unions, hell he owes everybody.
The country elected a socialist. We won't recover in the next few years.The Democrats will raise taxes, fosho.
Historically it is a monumental buying opportunity but historically we never had a global economy .. its a new ball game now. Look what he has gone and done. He has no right.
Bush Hands Over Reins of U.S. Economy to EU
Dick Morris & Eileen McGann Article Font SizeThe results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy.
In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation.
Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merging with the Europeans is like a partnership with death.
At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.
According to The Washington Post, it would "examine the books of major financial institutions that operate across national borders so regulators could begin to have a more complete picture of banks' operations."
Their scrutiny would extend to hedge funds and to various "exotic" financial instruments. The International Monetary Fund (IMF), a European-dominated operation, would conduct "regular vigorous reviews" of American financial institutions and practices.
The European-dominated College of Supervisors
