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they REALLY mean is that they have successfully pushed the endpoint of this total disaster into the next president's term.
As for what we are all facing, it is nothing less than total financial meltdown. Does anybody understand that we are trading taxpayer money for toxic debt? That is all that will happen over the weekend. When this reality hits within the next year or so, inflation on daily commodities will soar and the value of the dollar will plummet, simultaneously. Jobs will be shed by the hundreds of thousands because daily living will become even more unaffordable than it is now. Those thrown out of work will add to the foreclosures, etc., etc.
The downward spiral is already feeding on itself, and I don't see any true attempt to stop that spiral.
I read an interesting article about how Norway or Sweden got themselves out of the same fix -- they nationalized all the financial companies, and then forced them to make loans that benefited ALL citizens -- they worked on infrastructure, education, etc., and got everyone working and doing worthwhile things. The chance of that happening here is zero. As in Iraq, the taxpayers' money will be siphoned off by the wealthy for their own use.
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