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Jim this sums up the McConnell or should I say Chao gang. A vote for Mitch McConnell is a vote AGAINST the United States of America. What amazes me is the number of people who have immigrated to the United States from the far east and have become loyal decent AMERICANS. These people have become part of the United States. Elaine Chao and her father are still loyal to main land China. Imagine what would have happened during the era of the cold war if the people of European Caucasian decent who are citizens of the United States had sided with the government of the former Soviet Union. Elaine Chao, her Father and Mitch McConnell just don’t get it. My mother’s side of the family came from Ireland to the United States in the late 1800s and my father’s side of the family came from Wales to the United States in the late 1700s. I will tell you right now that I have NO interest in Ireland or England because I AM AN AMERICAN. The United States is MY COUNTRY.
Hey Buddy can you spare a million for a cup of coffee?
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The dollar tumbled Monday as investors appeared to have second thoughts about the government’s proposed $700 billion bailout plan aimed at stabilizing the nation’s financial system. Monday’s decline marked the steepest one-day drop in the dollar against the euro since the euro-zone currency was formed.
To finance the bailouts, the Treasury sold $34 billion in 2-year notes Wednesday - the largest Treasury auction in history. That will be followed by $24 billion auctioned in 5-year notes Thursday. That huge influx of government debt could reduce demand for an already squeezed market. As a result, yields fell to historic lows during that time frame. The yield on the 10-year benchmark Treasury hit a five-year low of 3.25% Tuesday, and the 3-month yield fell all the way to 0%, as investors sought safe havens for their cash.
As the global financial and economic system confronts its greatest challenge since the Great Depression, gold looks very likely to reach $900 in the coming days.
Meanwhile, oil surged more than $25 a barrel at one point Monday, the sharpest one-day increase on record.
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Yep, John McCain was right! Our economy is on a sound fundamental footing…..NOT!