Bailout, Rescue, TARP, EESA: By any other name

Posted: September 30, 2008 at 2:29 pm by Chuck

I do not usually listen to financial media, but I have been listening to CNBC the last two days. Curiosity, mostly, as I wanted to hear the reaction to the failure of the bailout bill. I am completely sickened by the anchors and the guests (analysts and politicians, alike). These people are, without a doubt, showing their total disdain for the American people. Wow, I’m really floored. I had no idea we were too stupid to understand even the basics of the economy. Apparently, not one American (outside of politics/media) understands how banks/money/business work, so average Americans are not qualified to have a say in whether or not a "rescue" occurs.

I say again, Main Street can weather this crisis better than Wall Street can, as long as the government stays out of the way.

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Comments

5 Responses to “Bailout, Rescue, TARP, EESA: By any other name”

Matt on September 30th, 2008 2:36 pm

Amen Lisa - you should see the Comment threads on many financial sites. Ninety percent understand….the other 10% sound like government shills screaming hysterically about 25% unemployment and 401ks going to zero next week if we don’t pass this bill. It is astounding.
Anni on September 30th, 2008 3:35 pm

Agree with that, I’ve long said CNBC needs some serious competition.
mp on October 1st, 2008 6:59 am

agreed 100% I wrote many emails to my congressmen/women and to CNBC. The idea that Rattigan describes the debate as explaining it to a 4 year old–he’s should just be canned. They had one guest who told them straight that they were only contributing to the panic, only to have the anchor get emotional and belligerent.

they need competition.
snyper on October 5th, 2008 5:41 pm

<<>> OCT. 2008 <<>>

THOSE WHO OPPOSE THE TAX-PAYER/DEFICIT-FUNDED CORPORATE BAILOUT, PLEASE MAKE YOUR VOTE HEARD ON NOV.4TH BY SUPPORTING ONE OF THE FOLLOWING TWO PRESIDENTIAL CANDIDATES:

RON PAUL or RALPH NADER

NEITHER VOTED FOR THIS CORPORATE BAILOUT / EESA / TARP

http://www.ronpaul.com/2008-10-03/ron-pauls-statement-on-the-passage-of-the-bailout-bill/

HYPOCRITES, PLEASE VOTE FOR:

OBAMA and McCAIN !!!

BOTH MAINSTREAM CANDIDATES VOTED FOR THE PORK-LINED CORPORATION(S) BAILOUT!

<<>> OCT. 2008 <<>>
snyper on October 5th, 2008 5:42 pm

^ CUT N’ POST!!!