Looks like the Senate won't make tomorrow any fun. Futures are down 277 as of this post.
UAW screwed the deal. Wouldnt take a pay cut to save their jobs. Geniuses.
They end up screwing themselves
Reality check: The currently projected cost of “The Bailouts (to all sectors)” as they stand now is roughly $8 trillion (keep in mind, these are still based on government estimates, so it’s probably safe to multiply by a factor). For that current estimate, the Treasury could cut (with borrowed money, of course) a check to every man, woman and child; legal and illegal, in this country for about $27,000.00. Raise your hand if any of this is rational or realistic.
Here’s a quick and dirty source. One with which I’m sure we’re all familiar. And it’s not a “radical, right-wing” source, by ANY stretch:
YHWY and Ice,Isn't it fair to assume that on the government's balance sheet, liabilities as well as assets are increasing? So we're spending these trillions of dollars, but we are also getting assets in return...