That is all.
(Don't click the read more, there isn't any more after this!)
Friday, October 10, 2008
The Financial Market Put to Rest (For Now)
I will let the wonderful L. E. Modesitt, Jr. say what I'd love to say. This is exactly why the Bush Doctrine is an utter failure, along with many of the political designs the preceded it.
That is all.
(Don't click the read more, there isn't any more after this!)
That is all.
(Don't click the read more, there isn't any more after this!)
Subscribe to:
Post Comments (Atom)
I thought there was no financial crisis? *bats eyelashes and smiles*
ReplyDeleteThere probably is one now, but there wasn't when this all started. The problem is that the people in charge are actually allowing the market to take a dive. The government isn't doing its job to stop this from getting worse.
ReplyDeleteHowever, for people thinking this will be remotely like the Great Depression, it's not. Not even close and unless the world market dives with us, it probably never will. Could it get worse than it is right now? Of course, and it probably will, but we are going to survive and most of us will keep our standard of living at the same level. Some of us will see reductions, but in the end we'll all mostly be better off than most of the rest of the world. America is spoiled and perhaps this will give us a swift kick in the ass to make us realize that making voting choices based on religion, looks, and likeability (and other factors) leads us to situations we don't want. The American people are due to get off their lazy asses and do something. We hired these dipsh*ts to office. Some of them we hired over and over. Look where it's put us and look how they're treating us. Are they helping? No. In fact, they're making matters worse by not doing their jobs.
And every single one of those CEOs who are abusing their authority and our money and trying to tell us that it's our fault the financial market is like it is should be locked up in prison for corporate terrorism. If that isn't a crime, make it one.
And, of course, the more people buy into the market collapse and panic, the worse it gets. It's a Catch 22 situation. Confidence is the only way to beat depression ;)
ReplyDeleteAnd therein lies the problem. Nobody trusts this administration. Anything it does or proposes to do, even if it's a good thing, is met with extreme distrust. You can't blame people, though. We're dealing with an administration that has single-handedly ruined America's reputation across the globe. They have ever right to be concerned and unsure about where this country is going.
ReplyDeleteWhich is why I propose that the government shut down the market for a short period of time to allow for the bailout to do whatever it's supposed to do. Don't let people sell off their shares. The economy will bounce back, but it's going to take time and people can't expect it to do so overnight. It might take a week or two for the economy to stabilize and maybe a few months for it to grow again. Or it could take years. Holding the market firm, however, will prevent the economy from getting worse while the bailout starts working.
I also think a way to boost confidence in the country is for President Bush and his administration to effectively stand down and declare the various branches of the government effectively in charge of the country until the next election is over. They have failed us in so many ways that it actually surprises me that we've let them stay in office for 8 years. We impeached Governor Davis in California for spending money we didn't have and putting us in debt. Why aren't we impeaching the current President for his failures?