Homeowners will still lose their homes with this bailout.
Inflation will be rampant.
And fuel prices will once again skyrocket.
Of course the derivatives and the credit default swaps are still to come.
But go ahead argue for the crooks and buy into the vague threats and the state of fear... And here I thought that it was the liberals that were a bunch of sheep.
I agree with what you said and will add that the dollar will tank.
Now you lead me through why doing nothing and letting the market collapse is a good thing. Treasury crash, anyone? Watch China dump all of their treasuries. That will help our economy, right?
But I’m all ears to hear why you think that letting the system collapse is a better bet than holding our nose and doing the unpalatable — by rewarding a bunch of greedy bastards for screwing us over because we can’t cut off our nose to spite our face.
I agree that at some point we will have inflation and high energy costs and a weak dollar will come right away. Did you ever stop to think though that the world, since decoupling is another idiotic untrue myth, that the Euro may struggle even worse than the dollar in this crisis? If we prop up the US financial system, where does the world go for a flight to safety? It goes to Treasuries and to dollars. Think about that.
That's my thinking too. That and possibly 40% or higher of my gross being pulled for taxes. And I am not wealthy.