bump - everyone should become aware of this development
Speaks volumes
“This is far and away the strongest global economy I’ve seen in my business lifetime”
- Goldman Sachs CEO, oops, I mean now US Treasury Secretary Hank Paulson, July 2007
“We must do so in order to avoid a continuing series of financial institution failures and frozen credit markets that threaten American families’ financial well-being, the viability of businesses both small and large, and the very health of our economy”
- Goldman Sachs CEO, oops, I mean now US Treasury Secretary Hank Paulson, September 2008
(Hat tip to Ex-Texan for the quotes)
Looking even worse for Obama now.
Paulson asked McCain to come to DC, McCain takes leadership action, invites Obama to join him, Obama blew him off.
Ouch
Bologna.
The bailout is needed to save the sorry backsides of Wall Street.
The bailout is going to cost us TRILLIONS.
The dollar will slide into oblivion.
The Austrian school of economics would advise us to allow all of the malinvestments to liquidate in an orderly fashion, allowing the chips to fall where they may.
Gold was rising on the news of a possible bailout BECAUSE the bailout, as proposed, would have been terribly inflationary.
Now that the bailout is in question, gold is skidding.
That should be your first clue as to the nature of the proposed “bailout.”
Tell McCain if he aids in getting the bailout bill passed a lot of Conservatives will be staying home.
STOP THE BAILOUT NOW
So McCain answers the call and takes decisive action and even puts his campaign on hold to put country first.
Obama’s response was to let that call go to voice mail.