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People Who Opposed The Bailout are NOT To Blame for the Stock Market Crash
Posted By admin On September 30, 2008 @ 3:36 am In Featured Stories | Comments Disabled
George Washington’s Blog 
Tuesday, Sept 30, 2008
Some people have blamed those who oppose the bailout for the crash in the stock market. Are they right?
Well, first of all, the overwhelming majority of Americans rejected the bailout. So if you start trashing those who opposed the bailout, your dissing America.
Second, most experts who have looked at the bailout say it won’t work, and will actually make the economic crisis worse .
Third, the bailout doesn’t address the fundamental issues which need to be addressed to actually stabilize the U.S. economy, such as the trillions of dollars being spent in Iraq and the phony war on terror, the national debt, derivatives, lack of savings, the loss of our manufacturing base, the fact that the wealthiest people have collected all of the poker chips so that regular people can’t keep playing , and gaming of the markets by the super-rich and the government.
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And last but not least, investors who are dumping stocks because a quick “fix” wasn’t approved don’t understand what is going on. hey don’t understand the real, fundamental problems with the economy. For example:
Are those who oppose the bailout responsible for the stock market crash?
No . . . those who got us into Iraq and the war on terror based on lies, who have run up the national debt into the stratosphere, those who hawked derivatives as a safe bet (including Alan Greenspan), those who have encouraged borrowing instead of saving, those who argued it was good for America to ship our manufacturing jobs overseas, those who have been so greedy that they’ve taken all the chips, and those who have been gaming the markets are responsible.
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URL to article: http://www.prisonplanet.com/people-who-opposed-the-bailout-are-not-to-blame-for-the-stock-market-crash.html
URLs in this post:
 George Washington’s Blog : http://georgewashington2.blogspot.com/2008/09/people-who-opposed-bailout-are-not-to.html
 it won’t work, and will actually make the economic crisis worse: http://georgewashington2.blogspot.com/2008/09/dallas-federal-reserve-bank-president.html
 poker chips so that regular people can’t keep playing: http://georgewashington2.blogspot.com/2008/09/end-of-poker-game.html
 The Stock Market Crash Of 2011?: http://www.prisonplanet.com/the-stock-market-crash-of-2011.html
 Warnings That A Massive Stock Market Crash Is Imminent: http://www.prisonplanet.com/warnings-that-a-massive-stock-market-crash-is-imminent.html
 Is This The Beginning Of A Horrifying Stock Market Crash In Europe?: http://www.prisonplanet.com/is-this-the-beginning-of-a-horrifying-stock-market-crash-in-europe.html
 Is There Going To Be A Stock Market Crash In The Fall?: http://www.prisonplanet.com/is-there-going-to-be-a-stock-market-crash-in-the-fall.html
 Stock Market Has Fallen Steadily Since Bailout Bill Signed: http://www.prisonplanet.com/stock-market-has-fallen-steadily-since-bailout-bill-signed.html
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