Thursday, January 15, 2009

More Bailout Money Released

The Senate has agreed to release the remaining $350B to soon-to-be President Obama for his sole discretion on its use.

Look, I trust Obama more than Bush - A LOT more.  But I don't like the idea of the executive branch having virtually all the power is deciding what is the best way to put this money out there to build up the economy.  Plus, Obama threatened a VETO when meeting with the Senate if they did not make and pass the motion.  That is way to Bush-like.  I'm not a happy camper.

I have projections that this economy is going to sink a lot more before we see hints of recovery.  I am very nervous right now.

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