$3 trillion! — Senate, Fed, Treasury attack crisis

[Orwellian_Ghost]

$3 trillion! — Senate, Fed, Treasury attack crisis

WASHINGTON – On a single day filled with staggering sums, the Obama administration, Federal Reserve and Senate attacked the deepening economic crisis Tuesday with actions that could throw as much as $3 trillion more in government and private funds into the fight against frozen credit markets and rising joblessness.

"It's gone deep. It's gotten worse," President Barack Obama said of the recession at a campaign-style appearance in Ft. Myers, Fla., where unemployment has reached double digits. "The situation we face could not be more serious."



If any more emphasis were needed, Wall Street investors sent stocks plunging, objecting that new rescue details from the government were too sparse despite the huge numbers. The Dow Jones industrials dropped 382 points.

<snip>

http://news.yahoo.com/s/ap/20090211/ap_on_go_pr_wh/economy_rdp

[slipslidingaway]

1. K&R n/t

[mike_c]

2. yes, but we've kept socialism out of healthcare for the foreseeable future...

...so the price was definitely worth it!

:sarcasm:

[Orwellian_Ghost]

4. Check this out

"This year, the Federal Reserve will surpass the United States Federal Government as the largest institution in the world, at least in terms of monetary expenditures. If, in order to please moderates, we have to sacrifice school construction and flu prevention while banks get another $1.5 trillion, we have the f**king right to know where, and how, that money is being spend."

http://www.openleft.com/showDiary.do;jsessionid=CB4CE2AF8D086D007CAD3CFDD83864E4?diaryId=11521">LINK

[The_Casual_Observer]

3. Thanks you for showing the source image for "Weasels Ripped My Flesh"!

I have always wondered where Neon Park got that.