STOCK ROLLERCOASTER...
BEAR STEARNS Bailed Out by Fed, JPMORGAN CHASE...*Cash 'significantly deteriorated'...
PAPER: Wall Street fears big bank is in trouble...
President Bush expresses confidence in economy-boosting measures...
Dollar falls below Swiss franc...
Friday, March 14, 2008
Is the economy and even our country headed for a fall?
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6 comments:
I hope this puts to be the deranged fantasy that you can cut taxes while financing two wars by selling treasuries, and not have it damage the economy.
In other news, you can't continue to live beyond your means by buying everything you ever wanted with credit cards and not expect to have it come back to bite you.
as the national debt has skyrocketed in the last seven years and the country is engaged in a war costing $200 Billion a year with no end in sight, this has been predicted and is predictable. so let's raise revenue by cutting taxes. huh?
Schwartz said the temporary financing would allow the company to "get back to business as usual."
I think Schwartz's comment sums up why we shouldn't bail out poorly run businesses. They'll continue with bad practices and outrageous bonuses at our expense.
Hey, I agree with that comment when it comes to the general public, and I know I agree with that when it comes to places like banks that offered people home loans that had no business getting one...
Look out below..of course,just get another credit card and max it out..and another...and another...
Scorpion, that is exactly what bush is doing with the national budget.
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