The governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin -- all Democrats -- said the initiative for the two-year aid package was backed by other governors and follows a meeting in December where governors called on President-elect Barack Obama to help them maintain services in the face of slumping revenues.
“The Obama team has been very receptive in listening to us,” said Gov. Jim Doyle of Wisconsin. He said quite a number of other governors back the initiative.
It started with banks followed by the Detroit auto industry. Now it looks like the states will want handouts. When will it stop?
Will the ten-year-old lemonade seller on your block be next in line for a federal bailout? Sorry for the feeble attempt at humor because it isn’t the least bit funny.
Soon after January 20, the Obama administration has promised to begin work on universal health care (a precursor to socialized medicine) which will cost billions more.
What will happen to the economy when the fed prints up enough money to pay for it all?
Link here to the state bailout story.
A picture of my cave
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