View Full Version : 20/20 Bailouts and Bull

03-13-2009, 10:28 PM
Who was watching it?


ABC on 20/20 just ripped Obama and the Dim's stimulus a new one.

Think we're in an economic crisis? (http://abcnews.go.com/business)
Politicians are eager to remind us that we are.

It's frightening just to turn on the television. You can't change the channel without hearing a politician use the word "crisis" or "catastrophe."

"A failure to act, and act now, will turn a crisis into a catastrophe," President Obama said on Feb. 4th.

"We have an economic crisis, the worst since the Great Depression," Vice President Joe Biden said of the situation at the House Democratic Issues Conference on February 6th.

Watch John Stossel's special "Bailouts and Bull" tonight at 10 p.m. ET
Indeed, the situation is bad. The stock market has continued to fall and unemployment has reached 8.1 percent. (http://abcnews.go.com/Business/Economy/story?id=7014241&page=1) But what should a country do about that? The political class says we need "stimulus."

And so stimulus we got (http://abcnews.go.com/GMA/Business/story?id=6912589&page=1), along with bailouts and rescues adding up to billions and trillions of your dollars. Everything that has been spent and promised to be spent will wind up costing each taxpayer around $16,000.

03-16-2009, 09:41 AM
http://www.youtube.com/watch?v=Tda0-cDyD0U&eurl=http://hotair.com/archives/2009/03/15/stossel-bailouts-and-bull/&feature=player_embedded (http://www.youtube.com/watch?v=Tda0-cDyD0U&eurl=http://hotair.com/archives/2009/03/15/stossel-bailouts-and-bull/&feature=player_embedded)

For those who missed it. Very good.