Well the race for the public trough is now fully underway...
Gov. Arnold Schwarzenegger of California now wants the US Federal government to loan his state over $7 Billion dollars!!! So the USA is now the lender of first resorts as everyone now is coming with their hands out for taxpayer dollars.
This will only get worse as everyone now see their financial future coming from the pockets of the US taxpayer. I can't wait for this to push inflation up as the Federal Reserve tries to forestall economic recession by lowering interest rates to 0%! We learned nothing from the Japanese problems of the 1980's.
As the interest rates move towards 0%, capital will leave the USA leaving the USA in a decades-long recession like what Japan is finally coming out of after years and years of languishing in the no-man's land of a financial wasteland.
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