No to Bail out, No To Bail Out, This Just IN No to 700 Billion!

by J.Crawford on September 29, 2008

JULIE HIRSCHFELD DAVIS, Associated Press Writer¬† wrote 4 minutes ago…

WASHINGTON – In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day….

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Did the Bail Out Pass Today??

The Bail out  is Voted No by the House, Today.

No to The Bail Out!!!

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{ 1 comment }

admin September 29, 2008 at 3:26 pm

Not real sure if I want to throw my opinion out here but here goes. If the financial crises could be solved by the government then the financial crisis would not be a crisis. Throwing billions at a problem makes a bigger problem. Market forces will take their course. The people who caused the problem will figure it out. People keeping homes has nothing to do with this. Pay your mortgage keep your house, don’t pay don’t keep.
Market forces, look at medical care costs, crisis, if you will, and yes it is. No market forces, when is the last time you shopped around for a heart surgery, a physical, or an office visit? No market forces, not good. Less than 2% of doctors will be going into general practice over the next few years? No market forces, these are problems, and there are more. Business, enterprise, and capitalism, lets you bless someone and get paid for it. The greater your contribution, the greater your reward, that is capitalism. The banking problem played a different game, let capitalism fix it.

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