...his name was Henry Paulson...
...his name was Henry Paulson...
...his name was Henry Paulson...
Interesting... BTTT
The problem is that Paulson is not an economist, but a dude who worked for Goldman-Sachs. Sure, he’s bright and knows how to wheel and deal to make money— but he’s not an objective guy—has to protect his buds on Wall Street, has to grease the wheel so after he gets finished with his washington stint he can cash in on the favor.
First: I want to know the party affiliation, and working background, of the entire list of “economists”, particularly since so many on the list hale from the most liberal and Marxist bastion in the world - U.S. colleges and universities.
Second: When they say “Investors who took risks to earn profits must also bear the losses”, the composers of this sentence are intentionally trying to get you to see, in your mind, “Wall Street executives” and rich people with money (investors).
But, in reality, the bulk of the virus, the bulk of the “investors” are in your local bank, the companies in your 401k, the companies in your mutual fund, your insurance company, you or your employers pension plans, etc. etc. etc. So, apparently, these “economists” don’t think that every form of your savings and investment should be helped out; just devalued.
Me thinks this group of “economists” have a non-economic agenda.
Senator Bunning just mentioned this letter to Shep Smith. He’s strongly and vocally against the bailout. Could be a good sign they won’t do it. Also a Fox producer just posted that McCain and the House Republicans are presenting an alternate plan and obstructing the bailout. Really hope that’s true!