Federal Tax Rebate 2008

When the government first proposed its tax rebate scheme last January, many were quick to point out the money was not ultimately, despite the signature on the check, a payment from the US government, but a loan from abroad, largely from Japan and China. Now that we can confidently anticipate the consensus will quickly form around the presumptive necessity of a bailout of that economically distressed couple Freddie and Fannie, it’s worth noting who is ultimately being bailed out here: The top fiv