With the passage of the EERA 2008, the DOW tanks 250pts and the talking heads are saying, "see without the passage of this bill, the poor jobs number would have tanked the market!" They have an explanation for everything, but now the US Taxpayer is on the hook for over $700 Billion and probably closer to $1.5 Trillion once its done.
I warned you here that this bill will cause the markets to die in the long run with this much governmental intervention. Everyone is shouting about, "We have saved the markets, we have saved the markets!" Just watch Warren Buffet and why he is for the bail-out. He is now going to make money on the backs off the US taxpayers! Why do you think he was fear-mongering just like the rest, "God help us if this doesn't pass!" Sure, he wants to make money on his $8 billion investments that will be made from the taxpayers being forced to swallow this pile of dung.
I just hope, which I don't think will happen since America is now stupid and made up of very selfish citizens, that the markets tank and show that this bill is not the fix they think it will be. The blather being put out about how they have saved the economy, and all they have done is put America onto a socialistic path.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment