The United States Economy is continuing its freefall
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Thread: The United States Economy is continuing its freefall

  1. #1
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    The United States Economy is continuing its freefall

    What I find amazing about the now infamous bailout is the belief among those who voted that it is the cure all for what ails the economy. Throwing some money at the problem to fix it is like removing guns from the home of a suicidal person, meaning that neither fixes what is actually wrong. Throwing money at the problem does no good if people continue getting mortgages they can't afford to pay back, among other things.

    Oil plummets to $82 on global slowdown fears: Financial News - Yahoo! Finance

    States and Cities Look for Signs of a Thaw in the Credit Freeze - Yahoo! News

    On top of all this, the Dow Jones Industrial Average lost another 7% of its value today, bringing it down to below 9,000 for the first time since 2003.

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  3. #2
    Perhaps that was not the reason all of them voted for it.

    Alex Jones' Prison Planet: The truth will set you free!
    By faith Noah,being warned of God of things not seen as yet, moved with fear,prepared an ark to the saving of his house;by the which he condemned the world,and became heir of the righteousness which is by faith Heb.11:7

  4. #3
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    Quote Originally Posted by HK4U View Post
    Perhaps that was not the reason all of them voted for it.

    Alex Jones' Prison Planet: The truth will set you free!
    Isn't that how politics typically works?

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