Bush Announces Bailout

All of this is wrong. The root of the problem is outsourcing we are shifting our wealth to former third world countries...

Fastest growing economies are all asian... India, China even Pakistan... why? because our intelligent CEOs looking to make the bottom line look better have moved manufacturing and development to these countries. We no longer have these cornerstones of the economy available so people are moving to customer facing jobs, like food industry, retail all of which will implode when the money siphoned off the top leaves people unable to afford these things.

This is FAR from over. Unless people reinstitute 'buy American' and start buying Canadian made goods, we are Diddle longterm. Truly...

marakh wrote:It sure has some relation to that, but still, people are not buying despite some cars sold at 25% off. It's the weak $, the money invested in war, the gas price, the credit crisis...

And the greedy financial sector gets greedier. Lenders should be compelled to LEND the funds that the government is making available to them. Instead, they're hoarding that cash to support pay and benefits for the richest CEOs and management in the business world.

It's a complicated world.

SeawaySensFan wrote:

marakh wrote:It sure has some relation to that, but still, people are not buying despite some cars sold at 25% off. It's the weak $, the money invested in war, the gas price, the credit crisis...

And the greedy financial sector gets greedier. Lenders should be compelled to LEND the funds that the government is making available to them. Instead, they're hoarding that cash to support pay and benefits for the richest CEOs and management in the business world.

It's a complicated world.

You don't fix people who have problems with money by giving them money. Stupid logic. This is going to get far worse. On the bright side, at least our countries will be deeper in debt as time moves on too. GREAT.

smash88 wrote:

marakh wrote:desperate last move of a failing dog?

Meh, it might be one of his only good moves... Either way, if he didn't do it Obama would have..

Juas as long as he doesn't pardon OJ I'm ok with everything else he might do on the way out.

I guess it's saving jobs but really. why in the world would you want to put money into companies that produce horrible products and that have run their companies into the ground with piss poor management. Let them rot and a new American company can come along and make something better while employing ppl.