Yes, I believe timing was important, but beyond that, there’s another factor that some folks aren’t going to like. I still think it is a valid factor to mention.
The $700 billion bailout was intended to build confidence. When a significant portion of the public refused to accept the plan, the purpose was defeated long before the bill was passed.
I am very leery of bad-mouthing just about anything that is going to be tried right now. We can’t stop those plans. We’re on the ride. We really do need to quit acting like experts and cheer for any plan that is implemented at this point.
We can’t win the game if we’re going to splinter into three hundred million experts that all know better than our leaders.
We are not going to agree with everything. That’s a given.
Right now, we better hope what they are doing works, even if it is wrong. And we better cheer-lead from the sidelines even so. We must be unified in this.
Personally, I think every single person in the nation should sink their funds in this market today. If we don’t do so soon, there’s not going to be many pieces left to pick up.
Right now this is 99.99% a matter of confidence IMO.
When, for a short time, it looked like Congress wasn't going to pass the Bailout Bill, the public freaked.
So, they passed the damn thing. Now, let's quit bitchin’ about it.
I agree. I mean, look, the economy IS a kind of confidence came i.e. we have to take it on trust that when we put our money into a Money Market Account, or buy bonds, or stocks, that we're going to get something out of it...but it's not like we're talking the law of gravity. If everyone JUST DECIDED it wasn't worth it, then, boom, it WOULDN'T be worth it to invest.
We have to blindly trust that this THING--this economy, this society--will persist. And that means, too, that those who will getting bailed out have to do things to prove they're worthy of such--giving out bonuses AFTER you've claimed you need a bailout doesn't make me think your situation's all that seriously in need of bailing-out.
An economy is a system. People think it's this solid edifice, but it's more like a circuit. It doesn't just sit there.