Blog: The Sly Oyster

One of the big issues surrounding the financial bailouts, something even Obama mentioned during his town hall debate with McCain, is that, in helping these poorly run/failing companies it would free up credit for Americans looking to buy a car or make everyday purchases on a credit card. "Millions of Americans," croaked the US Treasury secretary [Hank Paulson], were being denied credit or facing rising credit card rates , "making it more expensive for families to finance everyday purchases". The notion that families should finance everyday purchases on credit, the [news] anchor [from Germany] commented, "suggests Washington [...]