Thursday, April 2, 2009

G20 and even more money......

This was the latest on the closure of the G20 and it's outcome.

From CNN:

Leaders of the world's largest economies agreed on Thursday to a package worth more than $1 trillion to tackle the global economic crisis.

U.S. President Barack Obama called the deal "a turning point in our pursuit of global economic recovery." The plan calls for reform of the international banking system and the injection of more than $1 trillion into the world financial system.

The Group of 20 is taking "unprecedented steps" to attack the global economic downturn, stimulate growth and expand loans to troubled nations, Obama said at the close of the group's meeting in London.

British Prime Minister Gordon Brown heralded the emergence of a "new world order" Thursday following the release of what he called an "unprecedented" package of measures to tackle the crisis.

The deal agreed by the leaders of the world's largest economies included reform of the international banking system and the injection of more than $1 trillion into the world financial system.

Hmmm.....let me see now, we have passed TARP and now another Stimulus Bill. Good Old Nancy Pelosi says we may need another. Dodd and his buddy Geithner gave bonuses until the public outcry forced a change. Now we, as part of the G20 are going to give another 1 TRILLION to the rest of the world.

Yes, Yes, Yes, I know, many nations contribute to these endeavors. But, who do you think will foot most of the bill for this? Yes, it is us....again. This money isn't even going to our own country. Some of the wording I have seen on FOX and CNN Network News has said most is destined for the 2nd and 3rd world.

So now, while things get worse here, the democrats continue their march towards socialism, and an assortment of new spending starts here, we are to give more of our tax dollars to the 3rd world. WHY???

If anyone can answer that one....please fill me in because it makes no sense. Just another reason why I'll be at the Tea Party.

Betsy

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