The taxpayer has been on the losing end of this long before Wall St. started feeling the effects of this "trickle up recession". I've read the plan and am confident in its ability- not only to fail- but to create an even further backslide of the ecomy both short-term and long. I don't think congress is getting the message: "WE DON'T HAVE ANY MORE MONEY! You've bled us dry." The majority of taxpayers are not worried about getting loans for new cars. We're simply trying to survive. Even the threat of taking more money out of our hands would be the most expeditious way to freeze up the economy. Who cares if corporations (I own one) can get credit (& I can, btw). If the consumer can't buy it, its woth is a ambiguous as the mortgages we're buying. Furthermore, Phil Gramm has been awful quiet lately.. Dear Mr. Gramm, Wall St. is a "bunch of whiners." I suggest that Congress think a bit more creatively and the corporate execs tighten their belts and sell their yachts. Better keep the life jacket though. Welcome to Main St.
Bush: Panic with no bailout
P.S. Well stated, Tugboat.
September 30, 2008 at 5:07 p.m. permalink suggest removal
Bush: Panic with no bailout
The taxpayer has been on the losing end of this long before Wall St. started feeling the effects of this "trickle up recession". I've read the plan and am confident in its ability- not only to fail- but to create an even further backslide of the ecomy both short-term and long. I don't think congress is getting the message: "WE DON'T HAVE ANY MORE MONEY! You've bled us dry." The majority of taxpayers are not worried about getting loans for new cars. We're simply trying to survive. Even the threat of taking more money out of our hands would be the most expeditious way to freeze up the economy. Who cares if corporations (I own one) can get credit (& I can, btw). If the consumer can't buy it, its woth is a ambiguous as the mortgages we're buying.
Furthermore, Phil Gramm has been awful quiet lately..
Dear Mr. Gramm, Wall St. is a "bunch of whiners."
I suggest that Congress think a bit more creatively and the corporate execs tighten their belts and sell their yachts. Better keep the life jacket though. Welcome to Main St.
September 30, 2008 at 4:53 p.m. permalink suggest removal