Say What? 9/13/2011 edition [Reader Post]

President Obama about some of his non-existent jobs legislation before Congress: “The only thing preventing us from passing these bills is the refusal by some in Congress to put country ahead of party.”

Congresswoman Maxine Waters: “If [banks] don’t come up with loan modifications and keep people in their homes that they’ve worked so hard for, we’re going to tax them out of business,”

EuroZone Disaster – Probability That Greece Defaults is 98%

According to this report the odds that Greece defaults on its obligations to the EuroZone is now at 98% which only proves, once again, that bailouts works….works to grind the economy to a halt and ensure that any recovery is impossible.

Greece has a 98 percent chance of defaulting on its debt in the next five years as Prime Minister George Papandreou fails to reassure investors his country can survive the euro-region crisis.