I hope this thing stays defeated. The Masters of the Universe don’t like being told ‘No.’
Prices of houses/stocks will have to come down to reflect the true values of things. This will cause some pains, but it’ll result in a bad year, as opposed to the bad decade we’d have if Congress attempted to support a broken system with non-existent money.
SEE ALSO:
– Ron Paul comments on the failed Bail-out. A MUST WATCH. (Video Here)
– Great explanation of why congress made the right decision by Jeffrey A. Miron, senior lecturer in economics at Harvard University. (from edition.cnn.com)
– “I don’t see one penny of that $700 billion ending up helping the broader economy. I see it being used to prop up share prices so the insiders can salvage as much as possible when dumping their shares.” (Read more from counterpunch.org)
– Congressman Thaddeus McCotter’s Fantastic Anti-Bail-Out Speech: Video Here. “There are no necessary evils in government, the Treasury to you gentlemen is closed!” -President Andrew Jackson to fear-mongering Bankers
– Congressional leader will try again. (more from swamppolitics.com)