Sign of the times. China has decided to NOT loan us any more money. Yes, they said that our lack of regulation for our financial institutions had made us unworthy of credit. So no more Chinese investment cash until we get our financial house in order. I wish I could do the same thing with our taxes. Sigh.
And in another but similar vein; what has 8,500 square feet, 4 bedrooms and a $3 million dollar mortgage? That's Dubya's new house in the wilds of North Dallas. At 10141 Daria Place to be exact. You remember Dubya don't you? Just another poor boy with his nations interests at heart, always. So it's nice to see that he done well for himself…
Now that mortgage is due in 2012; wouldn't it be wonderfully ironic if he couldn't come up with the payments and had to be evicted? Oh well, one can dream!
No more money from the Chinese until we get our finacial house in order? We were depending on them to finance the increased debt created by the bailouts. Japan has reduced the amount they invest in our economy. We're screwed.
ReplyDeleteYeah, Looks like it.
ReplyDeleteStart each morning by saying the mantra 'deregulation is good' three times. Repeat as necessary.