Monday, October 20, 2008

Here Comes the Christmas Bailout?


By Si Dunn


It's beginning to look a bit like Christmas bailout time for U.S. consumers.


Federal Reserve Chairman Ben Bernanke has told Congress that it should look at passing a new stimulus package to try to jump-start the economy.


Stimulus already has been given to Wall Street and the nation's banking system. If this proposed new bailout package is not directed straight toward Main Street and America's middle-class and lower-income consumers, there will be hell to pay in Washington.


Trickle-down economics should be relegated to the ash heap of economic history. It's time for trickle-up.


For Christmas, most Americans in the middle class and lower-income brackets just want--and anxiously need--a nice little bailout of their own.


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