Will the bailout work? World holds its breath

Iria · Oct 4, 2008, 11:05 PM

After two weeks of anguishing debate, Congress has passed and President Bush signed a massive plan to save the financial industry and the economy at large from an unthinkable free fall. Now, the world holds its breath, seeing if it will work.
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Source: MSNBC

Falstaff · Oct 5, 2008, 05:40 AM

typical for MSNBC..
anguishing debate?
more like bi-partizan sniping and bickering.
I noticed MSNBC is becoming like the British Press.

FuNsTeR · Oct 5, 2008, 09:01 PM

Quote:

Originally Posted by Iria

After two weeks of anguishing debate, Congress has passed and President Bush signed a massive plan to save the financial industry and the economy at large from an unthinkable free fall. Now, the world holds its breath, seeing if it will work.
______________
Source: MSNBC

all we are doing is bailing out banks/building societies that have acted irresponsibly and by bailing these clowns out we are adding more crippling debt to our economies ... the credit based business policy was never going to work because at some point we had to pay the credit back and take the pain that goes with it ... what has been made clear ... the majority cannot handle the pain of paying back their debts that they are looking for a quick fix to delay having to pay back what they owe and that is why it will eventually fail

chillbilly · Oct 7, 2008, 03:39 PM

The "bailout" is an attempt at a temporary fix and does not address the symptoms of failure.
America is fast becoming a nation that cannot produce it's way out of it's status as a debtor nation.
The political wrangling was nothing more than a minor freak show.
The Fed runs this country and the politicians are merely puppets dangling from strings being held by the hands of the Federal Reserve and the US Treasury.

Oct 4, 2008, 11:05 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Will the bailout work? World holds its breath After two weeks of anguishing debate, Congress has passed and President Bush signed a massive plan to save the financial industry and the economy at large from an unthinkable free fall. Now, the world holds its breath, seeing if it will work. ______________ Source: MSNBC

Oct 5, 2008, 05:40 AM	#2
Falstaff Old Codger Join Date: Sep 2002 Location: USAFA Posts: 19,048 Rep Power: 207	Re: Will the bailout work? World holds its breath typical for MSNBC.. anguishing debate? more like bi-partizan sniping and bickering. I noticed MSNBC is becoming like the British Press. __________________ "Inspiration is always a surprising visitor."

Oct 7, 2008, 03:39 PM	#4
chillbilly DriverHeaven Junior Member Join Date: Sep 2008 Posts: 35 Rep Power: 0	Re: Will the bailout work? World holds its breath The "bailout" is an attempt at a temporary fix and does not address the symptoms of failure. America is fast becoming a nation that cannot produce it's way out of it's status as a debtor nation. The political wrangling was nothing more than a minor freak show. The Fed runs this country and the politicians are merely puppets dangling from strings being held by the hands of the Federal Reserve and the US Treasury. __________________ [COLOR=#df6c36]"E[/COLOR][COLOR=#df6c36]verything we do, everything we are, rests on our personal power. If we have enough of it, one word is enough to change the course of our lives. If we don't, the most magnificent piece of wisdom can be revealed to us and that revelation won't make a damn bit of difference". [/COLOR]