blueridge says: The economists say: "not urgent right now" and "will create more problems", and "expressed alarm at the haste of lawmakers and the Bush administration to pass legislation". Alot different than what Bush stated Wed night in his "Financial WMD speech" isn't it? Read the advise of these experts who warn: ``The situation may get urgent, but it's not urgent right now. Right now it's a financial sector problem.''Apparently this helped to slam on the brakes Thursday: Today Senator Richard Shelby, a Republican from Alabama, said he has ``five pages of the leading economists in America that wrote to me and the leadership saying the Paulson plan is a bad plan. It will not solve problems. It will create more problems.''Not hearing that on the news are we? Ask yourself why the MSM does not quote these credible experts instead of parroting the propaganda of Bush's (Fed) speech that the entire economy will collapse without a deal now. Now see what you are not being told by the MSM, that Economists Say "Hold Off" on Bailout--because it would make things worse and "is not urgent", being only a "sector problem" within the market! (posted last comment in wrong place; ignore) Take a look at just who this economist is, and what he says about Bush's speech last week about the consequences if Congress does not act: "It's more hype than real risk," said James K. Galbraith, a University of Texas economist and son of the late economic historian John Kenneth Galbraith. "[b]A nasty recession is possible, but the bailout will not cure that. So it's mainly relevant to the financial industry." |
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