News commentary and predictions of political trends and what the future holds

Bailout is just the start

February 3, 2009

President Obama’s effort to raise funds to inject into the system will have a number of effects. One of them is not “problem solved”. Pretending that providing more capital to the people will somehow reactivate the flattened markets may have been generated by media expectations but it simply is not real.

It is aimed at saving a number of American families from going to the wall while the bankers sort out the stale paperwork. It also addresses the generalized shortage that prevents the middle class from spending, but the over charging by credit card companies combined with hyper aggressive status marketing has led the average consumer into a very expensive position.

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