Maybe there is a credit crunch?

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Brandonm22":37nd8a28 said:
Ryder":37nd8a28 said:
KenB":37nd8a28 said:
It looks like the bail out money went to pass the losses from greedy bankers to the tax payers.
I doubt it was ever intended to help the economy.
They want to help the economy because they are running scared. But they don't know how to do it.
So they are grasping at straws.
INMHO


Bush didn't want 2008 to be 1929 so they threw $3 trillion at it so most of the banks and the automakers could survive to 2009. Now the question is: "2008 was BAD, will 2009 be worse and if so how much worse???"

He is not a member of the house or senate. He could however have vetoed it,
 
backhoeboogie":272wk0tf said:
Brandonm22":272wk0tf said:
Ryder":272wk0tf said:
They want to help the economy because they are running scared. But they don't know how to do it.
So they are grasping at straws.
INMHO


Bush didn't want 2008 to be 1929 so they threw $3 trillion at it so most of the banks and the automakers could survive to 2009. Now the question is: "2008 was BAD, will 2009 be worse and if so how much worse???"

He is not a member of the house or senate. He could however have vetoed it,

It wasn't the house or senate that proposed it, and said if they didn't get it our economy would collapse. (read sec. of treasury Paulson, Bernacki, and the Pres.)
 
There is and will be plenty of blame to go around for this debacle. I agree that we haven't seen the worse of it yet. The dominos continue to fall.
 
backhoeboogie":1gacoifz said:
He is not a member of the house or senate. He could however have vetoed it,

It is HIS Treasury Secretary. IF Bush did not want the bailouts it is in his power to fire Paulson at any time for any reason. These bailouts do not happen if the President is opposed.
 

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