Friday, January 23, 2009

Report: Obama bailout package will spark inflation

For those who think the economy can't get any worse now that George W. Bush has been replaced by Barack Obama, guess again.

If the $750 billion bailout approved by Congress and signed by Bush last fall didn't work, what makes you think that a similar $850 billion government bailout proposed by Obama will work now?

U.S. bailout package will spark inflation and shift the burden to foreign investors: CIBC World Markets

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