Reply #3: That's 42 Billion on top of the nearly 187 Billion

[lapfog_1]

printed up in the last few weeks in the US and Europe to "stabilize the credit crunch".

This little bailout ($230 Billion and growing) isn't on the radar screens of JQ Public because its funny money... not tax dollars... but the inflation rate will tick up and the citizens will pay more for everything and watch their savings dwindle plus the folks on fixed incomes will suffer, at least until their colas kick in later... but we will pay for this. Oh yes, we will pay to bail out the mortgage companies and the house flippers and the builders that plunked down those cookie cutter developments with their "all the same" McMansion craptacular houses... drive through Phoenix or Tucson or Las Vegas sometime, it's just horrible what they've done.

Recession or worse is very likely.