“Deficit, Shmeficit.”


“Trillion is the new billion.”

WASHINGTON DC – In Obama’s weekly radio address he said,

To restore the availability of affordable loans for families and businesses — not just banks — we are taking steps to restart the flow of credit and stabilize the financial markets. On Thursday, the Treasury Department and the Federal Reserve launched the Consumer and Business Lending Initiative — a plan that will generate up to a trillion dollars (italics mine) of new lending so that families can finance a car or college education — and small businesses can raise the capital that will create jobs.

Where is this money coming from? Is this the Consumer and Business Lending Initiative, or the Consumer and Business Print the Money We Can’t Borrow From China Initiative?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s