Thats what I’ve been asking all night - sorry but lurk in the day....
Is it the bailout or we enter a depression like period in our economy???? THAT is what the Dems want. THAT is their October (sept) surprise.
They could care LESS about the destruction this is doing to the bank acounts, 401 accounts, savings accounts of Ma and Pa out in the country.
They figure they will get theirs and they will be ok - why not believe that? Nobody has stopped the FM and FM crooks yet, have they????
And if we do have an economic “crash” - who do you think will be blamed????
Who do you think will then be a shoo in for this election???
So is it bailout or be killed in the elections of 2008 ???
That’s what I am trying to find out...
Like most here, my knee-jerk reaction is to oppose the bail out. No one’s going to bail out my company if I make bad decisions.
Plus, I loathe most I-banks based on personal experience that comes from speaking at their conferences and interacting with their people (but that’s another story). They’re not capitalists. They don’t want free markets. They want to game the system. They want a form of socialism that tilts the market in their favor. They would rather make a sure buck off manipulation than earn a dollar. They create nothing and have abstained from their traditional roles and purposes of providing capital to industry. Instead, they fuel speculative bubbles and try to game the market, calling on Washington when they get caught betting wrong. It should be no surprise that most of these scum support the left financially.
I could care less for the lot. However, the loss of financial liquidity terrifies me. This means companies that are otherwise profitable might fail because they run out of cash temporarily. It might mean that potentially lucrative and profitable ventures fail to secure funding, styming job growth and economic development.
Let’s do the bailout if that’s what it takes to avoid a liquidity crisis that could lead to depression. Let’s just make sure that the government exits the business as soon as possible.
Oh, but what I would give for a responsible press to expose the links. People shouldn’t be scared. We should be outraged about Dodd, Obama, Frank, Cuomo, et al and their cronies in Fannie Mae and Freddie Mac. We should have a little revolt and send Pelosi to a back bench, which is still above her “pay grade.”