It seems this new bailout proposal in only American in regards to the money associated with financing it. The President has caved in under pressure
of the EU regarding the "Buy American" clause.
www.timesonline.co.uk...
In essence, this will result in US taxpayer money helping to "bailout" foreign countries. Its a sad state in our nation when the EU's view on the
US is more important to the President than taking care of the American worker. The EU loves to be so critical of the US in EVERY international
decision that is made - BUT don't even think about taking the money away.
The US is already facing huge trade deficits and the original "Buy American" clause would not even have come close to helping close that gap.
I hope that Congress has the good sense to vote down any type of American taxpayer funded bailout that is not going to specifically help American
people.
Sorry EU, come up with your own bailout.
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