No, I am actually watching the economic indicators. I never watch TV anymore.
Go ahead folks, keep your heads stuck in the sand.
You can talk of staying true to conservative principals all you want. But we ARE in a serious economic situation. Just because the stock market didn’t drop another 700 points the last 2 days, does not mean everything is OK.
The last 2 weeks, people have stopped buying things. The September 2008 Auto Sales were the worst they have been since 1993. Until Mid-Sept, Auto Sales were actually recovering somewhat. Last 2 weeks, a total crash in Auto Sales. Less than 1 million units this past month. Last September 2007, it was almost 1.4 million units. That is a MAJOR economic impact. And it is not just the Detroit 3 “screwing up”. Every Automaker went DOWN.
I don’t like this, but we have got to do something.
As I said before, if Congress doesn't address the root causes of our economic issues, throwing $700 billion at it will likely be a wasted effort.
This bail-out is the wrong medicine for the patient's condition. It may momentarily relieve symptoms, but it will actually aggravate the underlying pathology.
Doing nothing would be better than doing the wrong thing.
“I don’t like this, but we have got to do something.”
Yes, everyone call their congresscritter and demend that they vote no on the bailout bill!!!!
I think we are being given the bums rush.....why is this something that has to be "rushed" through....a little thought on something so major is not a bad thing.
Why were auto sales down? It can’t be because financing wasn’t available. We bought a new truck two weeks ago... no problem with obtaining the loan. My friend bought a car the week before. Same thing...no problem.