Bailout?
01/10/08 17:54
Watch for a special Day of Atonement message coming soon!!!
Is a government bailout of the financial institutions the right move? More and more private entrepreneurs and financial tycoons say no. After the initial panic and shock of the House’s failure to pass the bill Monday, the market is starting to find its own equilibrium. Cash is still steadily being fed into the system to keep things moving. Is the right answer just to let things settle out and see where everything lies once the dust settles?
Congress continues to debate, argue, cajole and whine over the proposed bailout bill. Typical of all bills that pass through our lawmaking system, all manner of other issues are being tacked on to the bill. What started out as a simple 3 page document, has now swelled to over 450 pages. Read the story here.
Russian Prime Minister, Vladimir Putin has lain responsibility for the world economic crisis solely on the American doorstep. Russian markets have been hit hard with trading being halted several times to prevent complete failure. Putin blamed the US as the origin for the current crisis and ridiculed the US inability to even make appropriate decisions to restore order. He blamed the failure on the “whole system,” instead of individuals. Read the story here.
Der Spiegel claims that America has lost its dominant economic and political role in the global scheme. The article with the byline of “The End of Arrogance,” also stated that industrialized nations are sliding into recession, that capitalism is dead and that US military might is ebbing. Read the story here.
Until next time...
Is a government bailout of the financial institutions the right move? More and more private entrepreneurs and financial tycoons say no. After the initial panic and shock of the House’s failure to pass the bill Monday, the market is starting to find its own equilibrium. Cash is still steadily being fed into the system to keep things moving. Is the right answer just to let things settle out and see where everything lies once the dust settles?
Congress continues to debate, argue, cajole and whine over the proposed bailout bill. Typical of all bills that pass through our lawmaking system, all manner of other issues are being tacked on to the bill. What started out as a simple 3 page document, has now swelled to over 450 pages. Read the story here.
Russian Prime Minister, Vladimir Putin has lain responsibility for the world economic crisis solely on the American doorstep. Russian markets have been hit hard with trading being halted several times to prevent complete failure. Putin blamed the US as the origin for the current crisis and ridiculed the US inability to even make appropriate decisions to restore order. He blamed the failure on the “whole system,” instead of individuals. Read the story here.
Der Spiegel claims that America has lost its dominant economic and political role in the global scheme. The article with the byline of “The End of Arrogance,” also stated that industrialized nations are sliding into recession, that capitalism is dead and that US military might is ebbing. Read the story here.
Until next time...