Ya, I believe this is quite bad for the economy. If credit dries up like they say it will, businesses will be crippled, more people will lose their jobs, and there will be many more foreclosures. This may be a petty comment to make, but it makes you wonder what McCain actually accomplished by pulling that stunt last week.
We win, we win, Yahoo! Now the dollar is now safe for the moment, and a great depression has been staved. This should go down as the greatest victory in our modern history, We The People finally got some representation from some of our elected leaders. And, let us not forget to look on who voted for what so all the yes voters are put out of office for all time, and made to work in the fields of hard knocks like the rest of us. I have never been so happy to see a brighter future for my family.
h2: I hope you're right. Philosophically I don't like bailouts, and govt interventions in the market just incentivize bad behavior and rarely work as advertised.
But...I'm really worried we're in for something more than a normal recession. God help us if the "experts" were right and this "no" vote results in a depression. We'll be hunting congressmen with dogs.
And how shameless of Pelosi (and a few others) to drag partisan politics into this. Pols like that are the fundamental problem.
actually, you have no idea what youre talking about. if confidence is set back into the market, the least of our worries is a failed ceos compensation. if bank after bank keeps failing like dominoes, and liquidity runs dry, THAT will bring on a new great depression. maybe we'll be better off in the end as washington's past influence is purged from the market, but it'll be a shitty 20 years while we're in it. and read up buddy, the dollar tanked today.
You need to read history and see that FDR's plan is the plan we all need right now to get this country back in order. We don't need more credit we need more industry and to do away with Britains free trade in the US. No nation building, and going to a two tear system 4% rate and a 2% rate for rebuilding our infastructor.
Thier plan is to tank the dollar so we will buy into the Amero as our savor, and end the USA turning her into the NAU. Turn off your TV and start really looking for the truth.
politicians in general are being big idiots right now.
stratman687 3 years ago
Ya, I believe this is quite bad for the economy. If credit dries up like they say it will, businesses will be crippled, more people will lose their jobs, and there will be many more foreclosures. This may be a petty comment to make, but it makes you wonder what McCain actually accomplished by pulling that stunt last week.
rothofo 3 years ago
We win, we win, Yahoo! Now the dollar is now safe for the moment, and a great depression has been staved. This should go down as the greatest victory in our modern history, We The People finally got some representation from some of our elected leaders. And, let us not forget to look on who voted for what so all the yes voters are put out of office for all time, and made to work in the fields of hard knocks like the rest of us. I have never been so happy to see a brighter future for my family.
h2opower 3 years ago
h2: I hope you're right. Philosophically I don't like bailouts, and govt interventions in the market just incentivize bad behavior and rarely work as advertised.
But...I'm really worried we're in for something more than a normal recession. God help us if the "experts" were right and this "no" vote results in a depression. We'll be hunting congressmen with dogs.
And how shameless of Pelosi (and a few others) to drag partisan politics into this. Pols like that are the fundamental problem.
JohnR22926 3 years ago
actually, you have no idea what youre talking about. if confidence is set back into the market, the least of our worries is a failed ceos compensation. if bank after bank keeps failing like dominoes, and liquidity runs dry, THAT will bring on a new great depression. maybe we'll be better off in the end as washington's past influence is purged from the market, but it'll be a shitty 20 years while we're in it. and read up buddy, the dollar tanked today.
talktal 3 years ago
You need to read history and see that FDR's plan is the plan we all need right now to get this country back in order. We don't need more credit we need more industry and to do away with Britains free trade in the US. No nation building, and going to a two tear system 4% rate and a 2% rate for rebuilding our infastructor.
Thier plan is to tank the dollar so we will buy into the Amero as our savor, and end the USA turning her into the NAU. Turn off your TV and start really looking for the truth.
h2opower 3 years ago