Update: Make sure you catch Huckabee halfway into this: “Wall Street’s a bailholic and we are the enablers.”
So its “all free market all the time” style radio until … until we need a handout from the government. Well I do not know everything happening behind the scenes. Suffice it to say I am suspicious when I am told the end is coming and it doesn’t and Congress takes a couple days off. So is my hero, Neil Cavuto.
I am suspicious when men who make their fortune on the free market, have their fortune tied up in the free market, cry out for government help in the form of cash. Maybe its just me … but I think Wall Street is looking for a quick fix when a change in accounting and tax rules, plus extending government IN-surance on securities, might do the trick as well. Like Neil and Dave Ramsey, I guess I am just a hopeless market romantic. Maybe its just because I know these guys on the street.
About Jim Vicevich
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It’s becoming more and more clear that an attempt is being made to con us into accepting a government power grab and crushing debt, through the use of fear. The market rebound today does not help that cause. So notice how the headlines today were quick to ascribe the market rebound to a hope that a package will be passed anyway? That’s laughable. Remember that yesterday, when the package was about to be voted on, and everyone was sure it would pass, the market was nevertheless down about 300 points. What a vote of confidence and hope! Also…how come we’re not hearing about all the wealth that was created in the market today by it rising almost 500 points? Gee, the media was more than eager to tell us how much wealth was lost yesterday – over a trillion – but it gained more than half of that back today. But for some reason we’re not hearing about it.
How dare you Steven, don’t you know that the smoking gun is going to be a mushroom cloud?
srsly though you are totally correct, they are trying to scare us into this power grab. Fear is their best leverage. But today the market tells us that they can’t afford to be scared anymore.