<RANT>
"The sky is falling, the sky is falling!"
Idiot.Anyone read the story of chicken little? (if you haven't...
please do.)
I've been watching the story unfold about this "financial crisis" and I'm struck by how no one has really taken the time to flesh out this "crisis" people keep talking about. We need to bail out these companies or the whole financial system will grind to a halt. Please... who do you think you're talking to? This smells suspiciously like another "knee-jerk reaction" that has been orchestrated from the bowels of the White House. 9/11 to Iraq. Make people afraid and they will do anything you like. I'm going to tell my representatives to kill this stupid bill. I've had enough of inflation and moves in the public sector that majorly benefit the big movers and shakers in the private sector. A 700 Billion dollar move is NOT something to be made in a week... much less two or three. STOP and THINK! This crisis has sat for this long and I haven't seen a problem. You know what needs to happen? SOMEONE NEEDS TO FIGURE OUT THAT THEIR HOUSES AREN'T WORTH THAT MUCH!!! and you know what that takes? Time. I'm all for throwing money at big problems that need money. But this isn't a capital issue, it's the fact that people misunderstood the nature of the risk. So the taxpayer should help by taking on that risk?!? Because the investors and big guys are scared crapless about how much these "securities" are really worth? Yeah, let's put that on a national ballot and see how far it gets. McCain would look good up against those kinda of odds.
</RANT>
We now return to our regularly scheduled program
Comments (5)
We are not able to predict the future, however, it's safe to say that this bailout will have some negative affects and positive in the near and long term future for the U.S. This bailout must happen quickly, or the sky will fall :)
errr ummm except McCain ran to help shape the whole bailout :p... I dont' quite agree with you that this is not that big a deal, but I do agree with you that it was a result of people being stupid :p
@everymystic - yeah, the market place and politics are going wacko here in the US. It's plastered all over the news. The politicians want to give 700 billion dollars for some random fiscal plan that they cobbled together in under a week. The average american is angry and whoever votes for this bill is going to have trouble getting votes.
US House of Representatives Rejects Housing Bill
I guess I know what's going on (as I really only watch CNN, oh and the Food Network), but not enough to really understand its implications and form an opinion