Well, it's been a few days since Congress passed the 700 billion dollar bailout, and aren't you so glad they did it?! Have you seen how well it's calmed the markets down and the DOW has recovered?!
Of course it didn't work! I guarantee you though that they'll soon be telling us about how it's going to take time for the bailout to help. They'll talk about how they haven't actually bought up any of those bad debts from investment bankers yet. Of course it was the same people who told you that things would start to calm down just by passing the bill and getting it into law.
And of course now, the Fed has just cut it's rate again...dropping the value of the U.S. dollar to even lower depths, if that's possible. Which will in turn crank up inflation even more and make it that much harder for the average Joe Citizen to get through the months ahead.
Isn't our government just so wonderful to care so much about us ordinary folk?!
No comments:
Post a Comment