Bush is a Republican so why are Democrats taking blaim
Posted by Just Wonderings on September 26, 2008 · Leave a Comment
Following the bailout plan and its status has been a difficult exercise but one thing is certain. Last i looked Bush was a Republican and a conservative one at that. How then is it that this 700 billion bailout plan that Paulson and Bernanke recommended and Bush endorsed become such a liability for Democrats? I … Read more
Category Economy, Original pieces, Wake up Democrats · Tagged with 700 Billion dollar bailout, Bailout, Barack Obama, Democrats, Election, Jon McCain, President, Republicans
McCain’s Brilliant Play: Bets Presidency on Blocking Bailout Deal
Posted by Just Wonderings on September 26, 2008 · Leave a Comment
Posted Sep 26, 2008 by Henry Blodget From ClusterStock, Sept. 26, 2008: John McCain roared into Washington yesterday and reportedly broke up an agreement on the bailout deal. In doing so, he went against not only Democrats but the Republican president, the panicked Republican Treasury Secretary and Fed Chairman, and Republican Congressional leaders. Instead, he sided with a … Read more
Category Economy, Wake up Democrats · Tagged with Bailout, Bailout deal, Barack Obama, Economy, Election, Job McCain, McCain, Obama, Populist
Is the Government teaching us Econ 101 and is stepping in a good thing
Posted by Just Wonderings on September 19, 2008 · 4 Comments
As of today the US federal government is stepping in to help control and save the financial system. Obvioulsy it is a good thing to help save the jobs and money of millions of Americans and a total collapse of the financial system would be a calamity for many millions more but one must consider … Read more
Category Economy, Original pieces · Tagged with Bailout, Government bailout, Greater Depression, Treasury
The Greater Depression
Posted by Just Wonderings on September 16, 2008 · 1 Comment
Are we in the midst of a new “Greater Depression”? 3 of the 5 US investment bank giants gone. The week after the bailouts of Fannie and Freddie which are hardly news anymore. AIG next? Then what. Detroit? We are out of money and maybe out of time. And standing front and center in exacerbating this problem … Read more
Category Economy, Original pieces, Wake up Democrats · Tagged with Barack Obama, Black Monday, Greater Depression, John McCain, Republican mismanagement, The Greater Depression
Denial is Not An Economic Recovery Plan
Posted by Just Wonderings on September 16, 2008 · Leave a Comment
By Speaker Nancy Pelosi Posted September 15, 2008 In the midst of a dire economic situation, President Bush this morning characterized recent market developments as an ‘adjustment’ that can be painful for investors and employees of the firms, while Senator McCain said the ‘fundamentals of our economy are strong.’ President Bush, Senator McCain, and their … Read more
Category Economy, Wake up Democrats · Tagged with Barack Obama, Black Monday, Economy, Greater Depression, Nancy Pelosi, Speaker Nancy Pelosi
