Norm Coleman shows his knowledge on economics

Here in Minnesota we get the chance to vote for two heavy weights on economics, John McCain and Norm Coleman.

Last week, September 15, 2008, McCain said this:

But in case you were worried that the down ticket candidates wouldn’t be as insightful on economics issues.  Norm Coleman was quoted in the Mankato Free Press as saying this:

U.S. Sen. Norm Coleman said the massive government bailout of failing financial institutions is not only necessary but could make money for the federal government.

“The government could make 10 or 20 times what it pays on this, possibly,” Coleman said during a campaign stop at Christy’s Cafe in North Mankato Saturday morning.

I mean with that sort of return, why aren’t investors lining up to buy these financial institutions?  Is the government the only one that see such a great deal out there, or is it only Norm Coleman?



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