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March 14, 2008
The Facts.
The $200 billion made available to investors and banks this past Wednesday really gave a big boost to the stock market; but just for Wednesday, which took the Dow to over 400 points. However, things have quickly gone south. Yesterday was ho-hum and the market is set to take a dive today.
My View
Now come on; we all knew that was just a forest. I said that a few days ago in one of my post. This was just a move to help stock buyers and sellers make more money. I also said that a few days ago in another one of my post. Using the excuse that this would boost the failing economy was just an attempt to justify giving the real taxpayers money to those poor Wall Street boys. If you disagree with me, then I ask you; just how much money did you make last Wednesday?
Ok, granted that the only thing keeping America from having to officially declare bankruptcy is the belief by the rest of the world that American will not fail. And the first major sign that America is failing would be a sell off on Wall Street at 1929 proportions. But we all know by now that our continual efforts to save Wall Street in the way we have been doing for the past six years is not working. If our political leaders believe that, they should try running the country on just the taxes that wealthy people and big businesses pay. Then, on the other hand, not having any money to spend hasn’t kept our politicians from spending, so I guess that doesn’t matter.
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