Wednesday, September 17, 2008

Curious Observation.

Monday the dock market had a major slide. The government did nothing and we had a bit of a recovery on Tuesday. The government then did something and the stockmarket proceeded to slide even lower than it was.

I just wonder if there's a pattern here.


Blogger dons_mind said...

hehe depends on your political leanings! being such a conservative gop type guy i certainly see a connection that says when the govt steps in things go bad. but i can hear my liberal dem family folks telling me that it's the govts fault for waiting so long and doing so little.....

4:29 PM  
Blogger Gayle said...

Government needs to stay out of the private sector period! :(

6:49 PM  
Blogger BB-Idaho said...

Some are saying the Bush admin is
'nationalising' the banking industry. Perhaps necessarily so.

10:23 PM  
Blogger benning said...

This began with the government stepping in to "help" people get mortgages they could not afford. It's just gotten worse over the last few years. And every time the government steps in they mess it up even more.

All that being said, I don't see how the Feds could let AIG - which was not the problem but a casualty - fail. That would've been catastrophic. Imagine Obama as the new FDR! Yeesh!

9:35 AM  

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