Monday, April 25, 2011

Obama’s Pain at the Pump

Obama’s Pain at the Pump NetRight Daily
"The Federal Reserve, the nation’s central bank, has increased its balance sheet from about $947 billion to over $2.73 trillion.
That was mostly to bail out the banks by buying $1.25 trillion of mortgage-backed securities and prop up the U.S. Treasury with nearly $1 trillion in new loans to back up the gargantuan levels of government spending"

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