The End Of The World
I expect the world to end short after I post this. It's not because of Congress poor leadership, has their been anyone as inept as Nancy Pelosi at working with a majority. And actually this ineptness and poor leadership I think is a good thing as you look at what the market has done. Based on the fear tactics of Henry "Golden Sacks" Paulson, President George "the boy who cried wolf" Bush, and Nancy "Verruca Salt" Pelosi, we were told we had too, we need too, we can't survive if we do nothing. Then the bill failed, and Wall Street panic like a 2 year old and threw a fit. But what happened next is the reason we should bail them out. Wall Street realized everything was on sale and stocks rebounded. We haven't heard much about more companies failing since Monday Sept 29, the day the world was supposed to end. Last company, I believe to have failed, was WaMu which was seized and sold to JP Morgan Chase. This is what should happen. Companies fail all the time and don't get bailed out by the Government. They get sold at below cost or just cease to exist. This would set a bad example of what happens when things get tough if we bailed them out. And while congress does nothing, thankfully, but argue over who's fault this is, I think this quote sums it
Well, we need to do a lot, but a lot differently. We have to recognize how we got into this problem. We have too much debt. We have too much malinvestment.And this is where the world might implode. That quote that I agree with is from RON PAUL.

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