Is the Bailout Plan Breeding a Greater Crisis?
Information Clearing House / Paul Craig Roberts
26-Mar-2009 (one comment)

At

his March 24 press conference President Obama demonstrated that he is capable of understanding issues as presented to him by his advisers and able to pass on the explanations to the press. The question is whether Obama’s advisers understand the issues. Obama’s advisers are focused on rescuing banks and the insurance company, AIG. They perceive the problems as solvency and paralyzing uncertainly or fear. Financial institutions, unsure of their own and other institutions solvency, hoard cash and refuse to lend. Credit is needed to get the economy moving, and the Federal Reserve and Treasury are doing their best to inject liquidity and to remove troubled assets from the banks’ books. >>>
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Farhad Kashani

Smhb,   Don’t worry,

by Farhad Kashani on Thu Mar 26, 2009 10:03 AM PDT

Smhb,

 

Don’t worry, your dream of seeing America going down will not come true. This country is coming back stronger than before.

 

You misinformed leftists always have to find a subject to beat up America with. The last 8 years was Bush and now this, but the reality is America will remain the most powerful country around.

 

Sorry to give you the bad news.

   


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