Another 800 Billion...

Our American financial wizards have decided the banking industry needs another $800 billion - to encourage LENDING.
So, if I'm understanding this right, we give money to the banks, so they can LEND it back to us, thereby putting us (and our heirs) more deeply in debt.

I guess I'll never understand finances like this.

If the US actually has $800 billion, why not just give to us - and leave the banks out of it. (Unless we decide to put some of this newfound cash - that's really OUR CASH- into some of these banks.)

But then - what do I know?
Just that Webster's word of the year is "Bailout"

Lazy Saturday

MrFoxaz & #1 Cat. Discussing what's for dinner...

There's a New Venue in Town...

Check out my Artfire shop! It's a new venue, and so easy to list new items.

http://foxaz.artfire.com/

Here are a few things I've listed there:

The site is really new- still in beta- but I'm liking it a

lot. And the customer service is awesome. Plus, they have stats!!

Refreshing

Well, I must say the past 2 days have been a refreshing change of pace. America voted - and we have a great new President -elect, someone I can listen to as he speaks and not have a gag reflex...

The hysterical phone calls from Sarah & Cindy & John have stopped. I no longer Google Canadian real estate. I feel a sense of hope, even though the Dow is diving daily. Things will straighten out; they will improve. The war will end. Returning soldiers won't be thrust into the classroom as untrained teachers. Africa is really a continent; fruit fly research is important; global warming is real. "Drill, Baby, Drill" is no longer the rallying cry.

Plus, I'm looking forward to finding out whether all those clothes get donated to charity. If we're lucky, the GOP will be revealed for who they really are - fiscal non-conservatives, given to socialism (bailing out private business.)

If we're lucky, the middle class will be given a fair shot at success.

Whew! We sure dodged a bullet on Tuesday! Yay for Obama!