It is so laughable to listen to Bush 43 and how he says that his administration know what is going on and they are moving towards solving the market turmoil.
1. He said that there is a "lack of liquidity" - wrong!
2. There is a lack of confidence in the financial markets - wrong!
3. Declining real estate values is the cause - wrong!
4. The EERA 2008 ($700 Billion bail-out package) will solve the problem - wrong!
5. The economic turmoil is not just with the US - wrong!
6. The US has the largest and most resilient economy in the world - wrong!
7. The world is coming together to solve this problem - wrong!
Let's talk about each one in order listed.
Bottom line: all these financial problems are caused by the USA (Government, Wall Street, and Main Street), and it will not be solved easily, quickly, or with what has been proposed so far. I have some solutions that will work without socialism or intervention.
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