Never so bad that a government program to "fix" them won't make it worse: [President]* Obama's "August Surprise" has yet to be revealed, but some speculation leans strongly to another massive government bailout, likely an attempted vote-buying "Main Street bailout" in the form of forgiving or hugely reducing the amount owed on Fannie Mae and Freddie Mac loans (issuers of the bad loans that stated the whole housing boom rolling).
Can his Administration be that foolish? Will they? I dunno -- but I'm startin' to wish we'd put in a little vegetable garden at Roseholme this year. That's the sort of thing that jump-starts inflation, not the economy; and the current Congress and the present Administration already have a history of pulling the pin on things they haven't any clue about.
Aw, rats. I just realized we haven't got a wheelbarrow, either.
* I continue to object to invoking Presidents and other politicians by naked patronymic. Sure, I believe 95% of them -- at least -- are snakes-in-the-grass who should be kept away from the good silver and the keys to the liquor cabinet and, ideally, never be invited in. It still looks bad to bark out their names. Please, not where Canadians and Europeans can see -- the poor innocents still have a few illusions left about gravitas and dignitas and if we can keep them from seeing any real close photos (Representative Frank, Madame Speaker Pelosi, I'm lookin' at you) and use proper titles, we might be able to avoid shatterin' 'em.
YANKEE RADIO TOOL KIT, #106
4 weeks ago