Wednesday, August 22, 2007

Senator Chris Dodd's Housing Bailout Plans

The road to the White House is paved with your paychecks.

Senator Chris Dodd (D-CT) wants to do “everything possible” to pump more liquidity into the economy, according to his statement aired on NPR this morning.

Presidential hopeful Dodd had been telemarketing to give away your money by asking everyone he could find in the housing bubble bust what "he" could do for them.

Dodd now wants to "print" more money by loosening monetary policy further. He met yesterday in a closed-door meeting with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson.

Of course, the powerful Senate Banking Committe Chairman Dodd asserted that he did not exert any political pressure on these guardians of our currency. He merely wanted to meet them personally in a closed room so the public cannot know what he said.

Opening up the printing presses (increasing liquidity) gives away your money in a sense because it devalues each dollar that you own, hence the term "inflation tax."

Dodd wants to do everything possible to increase your inflation tax to bailout mortgage delinquents, speculators, banks, and Wall Street.

Dodd updates:
Financial Homeland Security: Obama Tries Nationalizing Power Grab, Dodd Tries To Profit from Credit Crisis

NewDeal, SarbanesOxley, HomelandSecurity Recidivism: Financial Regulation Stupidity Roundup

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