Whats Obama's First Priority

[mkemse]

INtresting, the just had a story on the Noon news, the Senate Committee over seeing the $700 Billoin Dollar Bailout,now wants an explanation from the Teasury Department as to why they suddendly decide NOT to use the Money for the Mortage Bail Out as orginialy planned and exaclt what they plan to do with it
It may also be notied that those companies who are being Bailed OUt or help said yesterday the have placed Milloin upon Milloins off to the side to give their Excexutive Xmas Bonuses
When asked by the Senate why, the COO's of these Companies said "We placed these Bonus Monies off to the side before the Bailout was offered"

Well if they did, let them use THAT money to help save their skins not the Taxpayers money
we bail them out then they still have the nerve to give outrageouds bonus based n "money put off ot the side"

yes right

Will they NEVER learn

[lucy]

Will they NEVER learn

The only thing you can be sure about all this is that THEY WILL NEVER LEARN.

Leaders tend to make the same bad decisions over and over and over. There should be a book out soon by a couple of economists with the ironic title "Yes, we learned something" in which they have analyzed economic crisis from all over the world in the last 500 years.
One thing they all have in common: Nobody remembered (let alone acted accordingly) the lesson that was to be learned the next time a crisis came around.