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The Government’s Actions Are Making the Financial Crisis Worse
George Washington Blog
Tuesday, October 28, 2008
The government’s previous actions lead to the current financial crisis. See this.
Moreover, the government’s current actions are actually making things worse:
- The bailouts are causing HIGHER mortgage rates for consumers
- The government’s commercial paper buying spree is INCREASING the cost of borrowing
- Arbitrary interventions by the government (AIG rescued, Lehman left to fail) create chaos in the markets. The stock market has steadily plunged since the bailout bill was singed. Indeed, every time Paulson, Bernanke or Bush speak, the stock market tanks.
- They also undermine consumer confidence. For example, consumer confidence is now at an “all-time low”, due partly to “increasing uncertainty about the government’s rescue plan“.
- The bailouts are drastically increasing America’s debt and causing other problems
- The bailouts may actually being INCREASING libor (and see this)
- The bailouts may cause unintended problems for money markets
Ill-advised government actions regarding the economy are not a trivial matter. For example, economists at UCLA have concluded that some of FDR’s policies extended the length of the Great Depression by 7 years.
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22 Responses to “The Government’s Actions Are Making the Financial Crisis Worse”
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October 28th, 2008 at 12:59 pm
why wont alex have these guys on this show http://www.thepentacon.com
also check out http://www.donaldtrumphair.com
October 28th, 2008 at 1:03 pm
With the holiday season just around the corner, it is recognized that to test the waters of the “consumer confidence” crowd will provide a gauge on how this season will turn out.
As most people know, the Thanksgiving-Christmas season is always used as a benchmark on the health of the US Economy.
This will allow for those in power to rate the level of success that the multi-billion bailout will achieve.
Just as Alan Greenspan had such a tremendous effect on the markets, just by speaking publicly – so it is with the key players spoken of in the above article.
October 28th, 2008 at 1:05 pm
why wont alex have these guys on this show http://www.thepentacon.com
also check out http://www.donaldtrumphair.com i cant figure it out why i think bermas is butt hurt
October 28th, 2008 at 1:45 pm
this bailout wasn’t intended to help out anyone but those who made it needed. it was an a-bomb used in the war against the middle class, which has been going on since reganomics
October 28th, 2008 at 4:27 pm
this is so utterly beautiful to watch
the american empire being destroyed by the american empire
like a snake swallowing itself
by its’ own tail
until, poof, the snake disappears unto itself
gone from existence
like watching a slow motion train wreck
we all see it coming but the train barrels on down the track
down the track
the track ends
over the cliff goes the evil american empre
we laugh
we dance
we sing
only tears shed that will be shed are tears of joy
you reap what you sow
you sow destruction on planet earth
america is thus destroyed
all in good time
get the popcorn honey,
i do not want to miss the end of this movie
“the end of the evil american empire”
coming to a city near you
free admission
October 28th, 2008 at 4:34 pm
Pretty much SOP that everything the Government touches turns to Poop. A reverse King Midas touch.
October 28th, 2008 at 5:29 pm
If anyone still thinks that all the modern wars, revolutions and recessions haven’t been created by the Illuminati to advance their Zionist plan, then they can go on believing in fairies and unicorns.
And to those that think “Zionist” means Jewish: do some research. It is nowhere near the same.
It’s all planned. The downfall of the US empire has been the main goal from 1913. The Illuminati are 2 steps ahead all the time. Be prepared for a major event that will strengthen Israel in some way, and further global centralized control.
The Zionist media whores continue their depraved, worldwide smear campaign of the Islamic world, and the masses swallow it hook, line and sinker.
These inbred Satanists that are the leaders of the “free world” are pushing their Zionist agenda very effectively. They know when to move to the next phase: when it’s too late for anyone to stop them.
What they fail to realize that their plan of eradication will backfire: it’s all based on lies and false promises.
Peace
October 28th, 2008 at 7:06 pm
yeah… and you don’t see lame-o Stiglitz anywhere here
October 28th, 2008 at 7:12 pm
axxedagained,
If you think the american public is behind all of this chaos, then you’re a bigger idiot than the turds creating this mess. So what ’superior’ country are YOU living in?
October 28th, 2008 at 7:24 pm
“Ill-advised government actions regarding the economy are not a trivial matter.”
Ill-advised? Not ill-advised at all. Quite well advised. Perfectly rational management of the economy if your objective is to steal billions for private banking interests.
Anyone else still think that the disastrous design of our economic systems is the result of bad advice? I think not. Anyone with two brain cells to rub together could design social and economic systems that would serve our culture better. Think it over. The systems we have are carefully crafted to eat up our standard of living and turn us into human cattle for the profit and power of those designing the system.
If you’re fed up with being treated like a subhuman herd animal, stop acting like one. Stop running out to vote in elections like a brainwashed primate, stop listening to the grinning idiots on TV, stop using their money and stop supporting their system.
We can turn this all around by doing just one thing: Stop using their filthy money.
When we switch to an alternative currency their system will fall. The central banks will dissolve and their political actors will be out of a job.
Don’t fight the system:
Replace it
http://socialviability.com/boycott.html
October 28th, 2008 at 9:17 pm
Soon, the only ones with money will be those that can legally PRINT it.
And remember…”He who has the gold, makes the rules!”
October 28th, 2008 at 9:42 pm
If anyone would like to join a group for support and survival in the coming hardships, please feel free to email me. I am starting a group in Arizona. And there are others starting in other places. If you have any sort of outdoor experience or skills, that would greatly be appreciated. I’m looking to create a trustworthy group of people that will be able to stick together for safety when things go bad.
If you’d like to join email me: budcsvelectric@gmail.com
October 29th, 2008 at 2:36 am
Gee, I never saw that coming…Duh
Here is a story that we all should be concerned with.
http://www.kcoy.com/Global/story.asp?s=9238122
October 29th, 2008 at 4:36 am
That’s the point isn’t it? Unfortunately MOST of the people will NOT believe that the government is behind any of these actions. Their EGO is intwined with the belief that the government is at worst, incompetent at times. To admit otherwise is to admit that their life is more a less a lie. If it comes down to being sent to a prison camp for not getting chipped or vaccinated, they’ll still believe Bin Laden or Castro is to blame. It doesn’t matter that one is long dead and the other most likely on the way.
October 29th, 2008 at 6:22 am
DUH! Thanks Democrats and Republicans. Yes, as your mindless state slave I will vote for you. I will arrive in the bus like all of the other indigents and pull the lever. I trust you completely. I am glad I have no other choices. Read my lips, you will never raise my taxes. TV does not brainwash you. The bailout is working.
Are you tired of the lies? Then don’t vote for Democrats and Republicans because you might have other choices. Find the list of official candidates and vote for everyone that is not a Democrat or Republican. Write-in ALL of your candidates! If you have no choice then don’t vote for the incumbent unless he put a check in your hand. Make them work for YOU, and not send our guys out to breathe depleted uranium dust in some hell hole. Support the troops.
October 29th, 2008 at 6:47 am
…the goverment is not doing anything.. but, the All Seeing Eye is…
October 29th, 2008 at 6:50 am
Game over man. Best hold on to your butts baby cuz its gonna get real interesting in the next 90 days. All this stock market talk is to keep us from seeing whats right in front of our face. Look around Mama, dont you see it? Pay attention to the billionaires and the 100-900 millionaires. Now what is the common denominator of all these megawealthy? What is Buffet doing? He built a Doomsday vault. What’s Cheney doing? He built a 6-story underground fortress for him and his family. How about the government in general? Google continuity of government. The concentration camps have been built. The guards are there NOW. People have been seeing 100s of thousands of coffins near railway depots. And now the top brass is telling us point blank that something is coming down in January. Something BIG. All you people who read this to make fun of the paranoid survivalists, better ask yourself: “what are the signs of the times?”. You still have a month or two to get your family prepared baby. Better go on over to survivalistseeds.com and get 12 years worth of food for pennies on the pound. Or maybe us tin-foil hat wearing wacko’s are all deluded. I hope so mama, I hope so.
October 29th, 2008 at 7:51 am
Thats what they want!
October 29th, 2008 at 7:53 am
It wont matter what all the rich people are doing to protect themselves, can’t hide from GoD!!!!
October 29th, 2008 at 8:27 am
Almost everyone on this site is missing the true point of all the things that are going on in the world today famine,wars,great natural disasters,leaps and bounds in technology and knowledge in general. the bible in the books of daniel, revelation, and various others all speak of it. The time draws near for the coming of The Lord. Start Believing Start Loving Jesus Comes.
October 29th, 2008 at 9:42 am
talking about god coming to rescue you is childish and delusional. grow up, look at world events for what thet are, and make responsible decisions. Then, if a god comes on the scene,so be it; in the meantime we will still have done all we could during our lifetime to be responsible.
October 29th, 2008 at 10:55 am
mikey: shut the fuck up and stop spamming you twit.