Talk of The Villages Florida - View Single Post - Dead Cat Bounce
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Old 09-30-2008, 03:18 PM
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Default Well stated

Village Kahuna. As has been discussed in recent hours since yesterday by those now politically posturing to "put lipstick on a pig" it is too bad the Bill was labelled as a bail out. If one accepts the position being presented that so called toxic loans and associated assets will be RESCUED. Many of which will be sold and the resulting funds returned to the treasury. Some of the assets obtained will be held until the market comes back and sold at a gain. Again turned back to the treasury.

Now they are scrambling to better educate the masses exactly what the bill is and how it works.....so they can in good conscience vote for it....and wrankle fewer constituents. Now does it not make one wonder why this was not done sooner?

Because they know they have to do something. And the long term impact is NO WHERE near what the nay sayers have been pumping.

It is wrongfully tagged as a bailout. Recovery is much more appropriate, truth be known. Unfortunately it will not be played that way by the media.

As was stated on one of the networks today....it is an advantage for BHO to have as much uncertainty surrounding the economy as can be painted.

Both parties constituents life and retirement savings are on the line, and like it or not responsible politicians KNOW something needs to be done.

BTK