I Vote No Confidence in Congress

Wall Street Journal ^ | November 5, 2008 | Harvey Golub

[maryz]

It's the day after a historic election and I can't help but worry. I'm one of those people who are pessimistic about the near- and medium-term prospects for our financial markets and our economy.

I'm not pessimistic about our country or our capitalist system: They are not the problem. I am pessimistic about whether our next president and the savants in Congress can deal with the massive economic issues we face.

Members of Congress, regardless of party affiliation or yesterday's results, will continue to meddle in matters beyond their knowledge. In doing so they will exacerbate our current economic downturn and delay the recovery of our financial markets.

In recent months, Congress has displayed a fundamental lack of understanding of how our economy and our financial markets actually work.

[RDTF]

[teletech]

The country said, more DemocRATS please and now it has them. See how that works?

[o_zarkman44]

We pulled out what we had left this morning. No confidence. threat of higher taxes. Uncertainty about employment stability.
We will take our chances on CD’s earning at least something against the inflation offset. Better than losing the rest of it forever.

Wall Street made out like a bandit for the most part. They probably banked billions off the top before the bust. Don’t let them get away with the rest, and still get a pass.
Get out now!

[HuntsvilleTxVeteran]

Inflation is not caused by the actions of private citizens,
but *by the government*:
by an artificial expansion of the money supply required to
support deficit spending.
No private embezzlers or bank robbers in history have ever
plundered people’s savings on a scale comparable to the
plunder perpetrated by the fiscal policies of statist
governments.

AYN RAND

[Paul Ross]

In recent months, Congress and the Treasury Dept. and Federal Reserve has displayed a fundamental lack of understanding of how our economy and our financial markets actually work.

There, fixed it.

[Paul Ross]

In recent months, Congress and the Treasury Dept. and Federal Reserve has displayed a fundamental lack of understanding of how our economy and our financial markets actually work.

There, fixed it.