Jackson50 on 27 September 2008
| Aiemond said: Bailout will help, its needed cause everyone hoarding their capital. It can keep this from spiraling even farther. But, house republicans have thier own solution: http://money.cnn.com/2008/09/25/news/economy/deal_reached/index.htm?postversion=2008092518 "House Republicans have not agreed to any plan at this point," Boehner said. Instead, they issued a statement of economic rescue principles that calls for Wall Street to fund the recovery by injecting private capital - not taxpayer dollars - into the financial markets. Easing tax laws would prompt investors to put in their own dollars, they said." Even with easing tax laws, you'd have to be crazy to believe anyone is going to invest atm. Its not gonna fix the credit problem and until thats worked on some no one in their right mind gonna buy anything. The only reason stocks went up today is because people thought the bailout was solved. |
Instead of blindly blowing $700 billion of taxpayer money on a plan that may not even work, there are alternatives that make much more sense.
Here is an alternative that is better than what Bernanke and Paulson recommend. Honestly, why is anyone still listening to those bungling idiots?
http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=311
