Archive for September, 2008
Congress should vote ‘No’ on bailout, says Bob Barr
“The leaders of both the Republican and Democratic Parties are rushing ahead with their $700 billion bill,” says Bob Barr, the Libertarian Party candidate for president. “Without a single hearing and without considering other solutions, Congress is preparing to put the typical American family on the hook for more than $8,000. Legislators in both parties [...]
Dow plummets record 777 as financial rescue fails
NEW YORK (AP) — The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff — including a terrifying decline of nearly 500 points in mere minutes as the vote took place, the closest thing to panic the stock market has seen in years.
Stocks decline in Asia on US financial woes
Stocks plunged in Asia in early trading Tuesday, one day after a key U.S. stock market index posted the worst one-day point decline in its history amid continued concern over the U.S. financial crisis.
Give us our money back. We’ll fix it!
The ultimate example of opportunistic politics before good government was displayed in Washington over the past several days. Political operatives from both sides of the aisle did everything in their power to create a government-based solution to the financial crisis facing our country; a government-created problem.
Socialist “Bailout” could spark collapse
While many of the talking heads and pundits on TV have been providing calming words of reassurance about proposed federal intervention in the financial system, analyst Peter Schiff of Euro Pacific Capital has been accurately warning for years about a financial meltdown and says that the worst, if Congress eventually passes the “bailout” bill, is [...]
America will adopt Socialism … and die
Apparently, the people of the US have decided that socialism, rather than capitalism, is the way to go. The fact that it spells doom for what used to be the greatest nation on earth doesn’t seem to worry anyone except a few of us old “give me liberty or give me death” types… and there’s [...]
