Wall Street
16 Sep2008
wow…
And it’s not even October… As they said on Hill Street Blues – “Be careful out there.”
Say – who do you think is going to pay for all these bailouts? Could it be the “lower taxes” mantras on both sides are just so much crap at this point? How do you pay for wars, bail out major corporations, pump money into areas devastated by natural disasters AND lower taxes?
Sounds like a ponzi scheme to me…
1 Response to Wall Street
Nattarg
September 17th, 2008 at 10:00 am
No political considerations in this whatsoever. The good to come out of this is that McCain is toast.
That is if the Democratic brain trust is smart enough to start to beat the drums with the line that the stock markets are now lower than when Bush took office.
11,300 on the Dow was the major support level for the Republican party.
It also means in a historic comparison that we won’t have to suffer with a Herbert Hoover and just go straight to FDR.