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alstry (35.02)

The USA for the Economy

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September 25, 2008 – Comments (0)

Don't give $700 million to the banks and we go into financial armegeddon.  That is what we are told.  The banks will not have any money to buy our treasuries and the whole government collapses.....and the economy with it.  Remember Auction Rate Securities and what happened when the banks backed off????

Pass the bill and the government is saved but the economy is destroyed.  Interest rates will rise and borrowing will become more expensive at a time when leverage is stretched to the limits.  Gas prices will rise as the dollar falls.  Companies will shut  down by the thousands and millions will lose their jobs.

Now you know why Alstry is so happy....as people we lose either way.....unless you are a bank or work for the government.

Oh well...maybe I should just red thumb everything.....

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