Remember this when pundits talk of the economy

The boom you hear is the American economy imploding:

Citigroup Inc. and Merrill Lynch & Co Inc. are in discussions to receive more capital from investors, primarily foreign governments, The Wall Street Journal reported on Thursday.

Citigroup could get as much as $10 billion, likely all from foreign governments, while Merrill is expected to get $3 billion to $4 billion, much of it from a Middle Eastern government investment fund, the report said.

Hey, this is just a wild, probably unconnected thought: Could this possible bailout of one or two of our largest financial entities by a Middle Eastern government have anything to do with the president’s insistence on the creation of a Palestinian state?

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