Bailout America #2 (Update)
What I am hearing so far is financial markets around the world are closing ranks into themselves which leaves America’s financial problem in the same condition. Does Mr. Paulson still need seven hundred billion dollars? I don’t see how. The request should be reduced. Who has an account how the money is to be spent with specificity? Will the list be put online? Will the new “bill” be put online before there is a vote tonight? If any portion of the money is to be borrowed, from whom? I heard the money is going to be added to our National Debt for future generations to pay.
As always,
BB
(Update) From PM Putin:
*“Everything that is happening in the economic and financial sphere has started in the United States. This is a real crisis that all of us are facing," the former president told a government meeting in Moscow.
“And what is really sad is that we see an inability to take appropriate decisions. This is no longer irresponsibility on the part of some individuals, but irresponsibility of the whole system, which as you know had pretensions to (global) leadership."
In my opinion, this is the attitude of many world leaders. Further, I think the two day delay in voting on the Bailout America Bill or Act has given them enough time to circle their country’s economic wagons and it no longer matters what America does. They have been to their mountaintops, so to speak, and with emergency meetings have made or are well under way to making appropriate adjustments. I would imagine a certain glee in their demeanor seeing us plunge ourselves into such a needless economic abyss. Other countries have been thinking globally in benign terms for a long time and one can only assume they are looking forward to America doing the same. I am. Uncle Sam is now standing along on the school playground. Nobody wants to play with him anymore. He farted big time! I remain amused how the Bush administration constantly deal with Sen. Obama’s “non-specific” language. (Smile)
October 1, 2008 (Thanks Drudge)
*Vladimir Putin lashes US for economic failures
http://www.timesonline.co.uk/tol/news/world/europe/article4860827.ece
As always,
BB
(Update) From PM Putin:
*“Everything that is happening in the economic and financial sphere has started in the United States. This is a real crisis that all of us are facing," the former president told a government meeting in Moscow.
“And what is really sad is that we see an inability to take appropriate decisions. This is no longer irresponsibility on the part of some individuals, but irresponsibility of the whole system, which as you know had pretensions to (global) leadership."
In my opinion, this is the attitude of many world leaders. Further, I think the two day delay in voting on the Bailout America Bill or Act has given them enough time to circle their country’s economic wagons and it no longer matters what America does. They have been to their mountaintops, so to speak, and with emergency meetings have made or are well under way to making appropriate adjustments. I would imagine a certain glee in their demeanor seeing us plunge ourselves into such a needless economic abyss. Other countries have been thinking globally in benign terms for a long time and one can only assume they are looking forward to America doing the same. I am. Uncle Sam is now standing along on the school playground. Nobody wants to play with him anymore. He farted big time! I remain amused how the Bush administration constantly deal with Sen. Obama’s “non-specific” language. (Smile)
October 1, 2008 (Thanks Drudge)
*Vladimir Putin lashes US for economic failures
http://www.timesonline.co.uk/tol/news/world/europe/article4860827.ece
posted by BB at 11:20 AM
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