Paulson tried to panic America!

Discussion in 'Economics' started by trader123abc, Sep 30, 2008.

  1. Well the Bill did not pass and the sky did not fall!

    Bush and Obama, not sure about McCain
    cried about how over 1 trillion of market value was lost yesterday. I wonder if they will say we gained back 62% of the trillion lost? This whole bailout scam is being pitched on trying to scare the hell out of everybody!

    Let the free markets work!
    Tomorrow will be another day!
     
  2. I'm very curious how the media is going to try and spin this big up day, since they basically told us all yesterday that we were idiots for not supporting their socialist plan. It was full frontal assult guilt trip on all the TV & radio stations.

    And if everyone in America changed their mind about the bailout plan yesterday after watching their 401k take a dive, shame on them (us). We need to own up that a recession is going to happen, needs to happen to flush out the weak hands, so we can get this thing turned around and hopefully have a decent country again someday that we can hand off to our kids and grandkids.
     
  3. "The market is up because it expects a bailout still to come."
     
  4. Brandonf

    Brandonf ET Sponsor

    Most people never took Econ 101, if they did they did not pay attention. All people are reluctant to experience pain (go put your hand on a hot stove), so it's very easy for the politicians to rile people up and scare them with a recession, pretending that it can somehow be avoided..when in reality its as much a part of the cycle as the expansion is.
     
  5. wudayano, you can pass on a reverse bankrobbery, and survive

    whodathought
     
  6. paj

    paj

    Today was nothing to get excited about. (unless you went long yesterday).
    • The banks are still in trouble.
    • The economy is still in trouble.
    • The market is still a lot lower than it was right before the vote when people were expecting a bailout.
    • People are still expecting a bailout.
    Remember the last rally when the bailout plan was announced...
     
  7. high99

    high99

    Google "Bobolink Foundation". Paulson
    has 100 million of Goldman invested in his
    nonprofit. Goldman also had 20 billion in AIG. Conflict of interest? Nah.
     
  8. Brandonf


    Registered: Dec 2001
    Posts: 4008

    Most people never took Econ 101, if they did they did not pay attention. All people are reluctant to experience pain (go put your hand on a hot stove), so it's very easy for the politicians to rile people up and scare them with a recession, pretending that it can somehow be avoided..when in reality its as much a part of the cycle as the expansion is.


    Well if they keep trying to play with what they do not know, watch out below!
    It will be much worse after these clowns
    in Wash D.C. get done with it!

    PS. Brandonf how you feeling lately? Hope your fully recovered by now!
     
  9. sumosam

    sumosam

    The world looks alot different today...almost wonder if the bailout is required....Ireland did some fancy dancing yesterday which has given some food for thought.

    Glad gold was way down. Nice, orderly rally. Confidence has been restored in the market. Now we can rally, albeit, it will be very volatile.:D
     
  10. poyayan

    poyayan

    ... and yesterday, the market is down because there is no bailout.

    Talking out of both side of the mouth, uh?
     
    #10     Sep 30, 2008