The "Do SOMETHING to Calm People Down" Argument Just Failed → Washingtons Blog
The "Do SOMETHING to Calm People Down" Argument Just Failed - Washingtons Blog

Thursday, October 2, 2008

The "Do SOMETHING to Calm People Down" Argument Just Failed

One of the biggest - if unspoken - reasons for proposing the bailout is that quickly doing something big will reassure investors and the public.

That argument has just failed (even with the PPT's best efforts).

Today, the stock market, Nasdaq, S&P, oil and gold all got hammered. Everything being down at the same time means that investors are panicking, and pulling money out of the markets.

This is on the heels of the Senate passing the Paulson bailout plan (with a little added lipstick), and widespread reports in the mainstream media that the bill will likely pass in the House on the second round.

In other words, the real economic crises are swamping any false hope from the phony bailout remedy.

As an article on Bloomberg puts it, "U.S. Stocks Decline on Concern Bank Rescue Won't Stop Slowdown".

Since the bailout won't calm investors or the public's fears, let's just save the trillions in taxpayer money and start addressing the real problems facing America. Or - if the government is going to do something - it should address the real problems with real solutions.


  1. Without hesitate, I bought eve isk , in the game I can find myself. I feel lonely, but I do not want to talk with anyone, so I buy isk . At present, think the happy day I spend in knight, I am eager to enter it, and buy eve online isk . Own eve online isk , it means that you own the life of happiness. So I will not leave cheap eve isk . It is the origin of the happiness.

  2. Do you like playing in the game which you need to use shaiya gold, when you do not have shaiya money, you must borrow cheap shaiya gold from friends, or you get shaiya online gold. If you buy shaiya gold, you can continue this game.


→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.