The Bailout Bill Passed the House
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The Bailout Bill Passed the House
| Fri, 10-03-2008 - 1:39pm |
I've been watching this and the bailout bill passed the House. As of this moment the INDP is 10597.46. It did not shoot up as I sort of thought it would. I think things are still very ungood (I would say "bad", but that isn't half-full thinking) in the economy. We are heading into a deep recession, and bad news out of California is that they may have to borrow $7 billion from the Federal government to continue current operations. The next president will have his hands full with an economy in recession and with massive national debt.
Sopal

I honestly feel like whoever wins .. will be historically known as a 'bad' president b/c he will be fighting a big mess that's going to take a lot longer than 4 years to even show signs of 'better'.
makes me think 'I pity the fool'.
not surprised it passed though ... gonna go read it now.
It will be interesting, and sad, to watch how this whole bailout plays out. I'm convinced Paulson knew what was coming down, way before he let on. I think he and Bush, intentionally waited for the Lehman, AIG, Fannie failures before doing anything so that he could demand that HIS plan, devised by his Goldman Sachs buddies and favorable to THEM, be pushed through in a CRISIS.
They could have been consulting economists one year ago to work on a plan that could be implemented on short notice, if the need arose. But they knew it would not favor Wall Street, so they deceived the whole country because of their greed.
It's truly despicable.
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
Sopal
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