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POPSHistorian on Panic of 1873 vs. now the current economic woes look a lot like what my 96-year-old grandmother still calls "the real Great Depression." She pinched pennies in the 1930s, but she says that times were not nearly so bad as the depression her grandparents went through. That crash came in 1873 and lasted more than four years. It looks much more like our current crisis.
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POPSThe actual bailout document Treasury Sec Paulson writes in complete authority and protection for himself. The increase in the statutory limit of the debt is, well, mind boggling. Tax or inflate. My bet is on inflation. Be ready.
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POPSWhat is more important the stock market or the economy? The premise here is daytrading (which I do for a living), naked short selling, and other forms of speculation among the wall streeters have created a drag on the economy and the real stock market. I wonder if raising the capital gains tax would shut down some of the unhealthy speculation which helped cause the current mess we're in.
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POPSBernanke's game plan bail out the industries who perpetrated the mess, suffer the poor and middle class who played their game out of naivete'.
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POPSAnother broken Bush promise? Today there is talk of we the taxpayers bailing out another wall street failure- AIG, the largest insurance company. Bush will prop the market up any way he can to prevent the Dems from taking over. IT"S YOUR TAXES, it massive govt debt, people-time to educate yourselves.
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