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May 08, 2009 10:21 am
Providing money to banks at zero interest rate and letting them loan it, even as subsidized student loans, at any interest rate they can charge, is a new definition of free market that even Ronald Reagan and Margaret Thatcher would not have dreamed of. Adding to that bailout trillions, will certainly make the banks profitable soon. High interest rate is a prescription for economic decline rather than growth. Apart from that, everybody seems to forget, that bailout is eventually paid back by the "taxpayer," namely by the poor (as sales tax), and the middle income Americans. It seems that the only thing left from Democratic agenda before the election, and even perfected, is appeasement of Iran.— Aharon Meytahl, Vestal, New York
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