The FED and the TARP program has lent or guaranteed almost $12.8 trillion if you add it all up. Putting this into perspective this massive sum is virtually approaching the total GDP or everything produced in the US last year.

The question is are we just hearing political banter or should we believe the Chinese? Several weeks ago Premier Wen Jiabao called on March 13 for the U.S. “to guarantee the safety of China’s assets. The fact that even buying and holding US Treasuries the Chinese are losing money as their currency the Yuan has appreciated versus the US Dollar.

Do you remember the statement.. It is the economy,Stupid…Maybe the same words are effecting President Obama’s approval ratings. They are slipping as Americans are worried about the economy. Obama’s approval rating slipped to 59 percent from 64 percent last month. All in all Americans still generally support Obama’s handling of the economy however more questions are cropping up.