Fed Vows to Maintain Public Financial Health

Extend and pretend…

That's the government's way of handling the crisis. Extend credit and cash to those who don't deserve it. Then, pretend that everything is okay…

But the problems don't go away. They just get stretched into the future…

What did the feds do for GM? They took over the company. They extended cash and credit. They put in place a “Cash for Clunkers� program to encourage people to buy cars. Then, they pretended that the problems were solved.

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