Govt. Buyout
Bush says he’s working hard on economic turmoil
What is going on lately? The government is buying up all these companies. Yes…THE GOVERNMENT.
At the start of this week, the Federal Reserve rescued American International Group Inc., an insurance giant, from bankruptcy by granting an emergency $85 billion loan. In the historic bailout, the government gets almost an 80 percent stake in the company, a vastly far-reaching intervention.
Eighty percent? Now that the Fed. owns it, will it ever even be sold back? Possibly, if the U.S. Government ever needs to be bailed out in the future. But who will buy it then? Another Nation? China? India? Mexico? So then we will have another nation’s government controlling the insurance of all the businesses in America.
Every single immigrant worker in this country sends all his earnings back to his home country. Millions of U.S. Dollars are flowing out of the country on a daily basis. What happens when the ratio of dollars out exceeds dollars in? Pretty soon there really won’t be any more money. Its all gone, left the country.