O
old mexico
Guest
...apparently has no way to pay for i? Bush has been quoted as saying that the fannie/freddie bailout plan is mandatory for the stability of our economy. Yet it has been stated several times that taxes will have to be raised for Americans in order to cover the cost of the bailout, which is estimated to be in the trillions. Of course this goes without saying, but it ultimately means that Bush has no way, i.e. no money to cover the cost of the bailout which HE mandated, which almost always results in taxes being raised. But what Bush has apparently failed to realize is that states, small businesses, companies and others who market goods to consumers will raise their prices or taxes on individuals in order to compensate for money lost by increased taxes on them. Moreover, given the current situation with the already sky high price of food, gas, e.t.c., another increase could very easily be the last straw for our shaky economy. My question is has Bush even considered that there is not enough money (without raising taxes) to pay for the bailout plan which he has "mandated"? Or is he just going through with it anyway and allowing taxes to be raised because there is no other way?