we would rather lose an election than compromise our principle. The market will correct itself. Yes it will hurt short term, but we will come out of it MUCH stronger.
And no doubt if Obama become president, the economy will be in much better shape and unfairly gets the credit for it
I’d rather not compromise my principal and not lose an election.
Losing the election and compromising principals are not acceptable.
CASE CLOSED.
“we would rather lose an election than compromise our principle. The market will correct itself. Yes it will hurt short term, but we will come out of it MUCH stronger.
And no doubt if Obama become president, the economy will be in much better shape and unfairly gets the credit for it”
I can’t tell if you’re being sarcastic. That’s OK.
I don’t conflate the two issues (what the market does & whether McC wins) at all. Maybe I’m wrong. I don’t believe anyone can predict the future. That doesn’t mean we don’t try!
My view is: IF the country/world is headed into a serious recession (economic) or a massive market dislocation (financial) then this bailout, IF it works (I think it won’t even do what it thinks it is supposed to do) it will not be able to change that outcome. If that outcome can’t be changed, then we’ll just be $700 bil (qudruple that for the final number) weaker for having done it, and be seen as ineffective for having tried something which is (to me) so obviously misdirected.
IF, as I think, the bailout PASSES but does not work as far as stabilizing markets, then there is no surer way to get 0bama elected. I don’t see any kind of win for the GOP supporting this bill. Indeed, I see the win for the GOP in steadfastly refusing to pass this bill. But of course, this would have to be driven home in the marketing sense and that’s the area the Reps are so utterly incompetent in.
My view is that if the Reps want to win this issue: They should utterly refuse to pass a bill proffered by Henry Paulson who is 1: a PROVEN LIAR 2: A Democrat 3: A loyal member of the clique of top-tier bankers who created this crisis and who have so far benefitted from all prior moves. 4: A FINANCIAL TERRORIST who stormed into Congress demanding a: unlimited plenary, unreviewable power b: and threatened to blow up the world if he wasn’t given that power. 5: in summary, an enemy of the sovereignty of the US.