Despite the grandiose assurance by the Democrat controlled Congress that nationalizing the Banks, Insurance Companies, Mortgages, etc. was going to save the economy, the economic slump continues.
Government spending under the leadership of House Speaker
Nancy Pelosi, D-CA and Senate Majority Leader Harry Reid, D-NV
has exploded to another $1 Trillion Dollars worth of Debt and the Dollar tumbles to a near 13 year record low against the Japanese Yen.
Where would Liberals be without our Chinese friends? China has increased its holding of U.S. Debt by $65.9 Billion Dollars in October consolidating its place as the number one holder of U.S. Securities.
Socialism continues to prove to be a dismal failure. The Wall Street Bailout we were told was going to assure the markets, stimulate economic activity and spur new job creation.
Hey Congress, why not give Capitalism a try? It worked before.
