It's no secrete I think that the proposed 700 billion US$ proposal of Paulson, backed by Bernanke is suicidal. I am convinced Paulson's plan wll put the US further into a fiscal abyss. Not that I mind so much, only will they pull the world and especially Europe with them in their fall. Has anybody of you had a close look to the productivity increase rates in Germany or Belgium? Since the mid 80s productivity growth has been constantly falling. This is structurally and the effect of it combined with the current financial crisis, which is about to stay for a long time, will be disastrous.
Have a look to thisexcellent speech of Marcy Kaptur of Ohio speaching at congress and make your own call on the future.
Taxpayers did not get their fair share of the upside, but they are getting all of the downside and a huge IOU. While Wall Street is made whole, the folks on Main Street are getting the bill. What has mama given us here? Are Mr. Bernanke and Mr. Paulson giving them any bet on the upside? They're not even helping them on the downside. I feel sorry for our country, I feel sorry for this Congress, that we can't do a better job of standing up for the people today. Where's the Federal Reserve, Where's the Treasury? Why do they only help the rich people? What about the rest of the people who have to work for a living? Wake Up America. Wake Up America. Contact your member of Congress.
They want mama to make it all better
By John Baeyens | Share This
Tags
American protectionism ANC Andrew Feinstein Apartamento em Niteroi Argentina argentina Azul Belgian-strike belgium biodiesel bonds borderlinx BOVESPA bovespa Brazilian_economy brazilian_real_currency_rate Brazil weekly news carbon casa casa em Florianopolis Colinas do Mar COPE credit crisis deflation dollar entrepeneurs environment ethanol EU recession exchange external_debt flights florianopolis food Gafisa GDP Brazil German_productivity global recession inflation Inga innovation interest rate Brazil interest rate South Africa keatingeconomics Latin America leisuretime Mbeki movie mozambique music national credit act Oceanair oil opportunity petrobras planning prime productivity real Real recession SAR sequoia solar South Africa south africa South_African_Economy south_africa_real_estate_2009 stagflation stocks timetracking united_states US economy 2009 US recession US_economy V-shape recession venezuela oil southafrica Zuma