Monday, October 06, 2008

Something to ponder

Remember, the big argument for this bail out was because it would help small and medium size business owners who needed credit.

I don't know if you saw Bush this morning as he spoke to the public, backed by small business owners in San Antonio, but he said that it would be a while before things were set up for these owners to be able to actually get to their needed credit. He didn't specify if we were looking at days, weeks or months.

But in the meantime, there is some commercial credit available; and guess what? The large companies are maxing out their credit lines. Do you know why? Because they want to make less credit available to their competitors and to the small/medium sized businesses. They will eventually use this money to buy up deeply discounted raw materials, ailing small businesses/competitors or cheap stock.

Nothing like widening the gap between the rich and the poor.

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