Bailout fail!
One listener's husband is convinced the sky is falling with Wall Street and the whole bailout package. How can she calm him down about it? Dave answers that question, then talks about how Nancy Pelosi's bad-mouthing tied in with the package not being passed, as well as how leadership with Democrats and Republicans is sorely lacking. You won't believe it!
The case of the man who thinks the sky is falling is a pure example of this fear. People need to settle down and ride the wave.
It will not kill us and the bill not passing will be a long term blessing. In a few years, we will recover with a vengeance and
we will look forward to the next fear factor in the financial market.
financial planner tomorrow and taking advantage
of the REDUCED stocks. We are putting our extra
money into our mutual funds. We followed your plan
and don't see the sky falling. We see the Sky is
the limit. Thanks for your teachings and blessings.
Personally, I think if this bill fails we will go into a deep recession, bordering on a depression. But if it passes we'll be in even worse shape in a couple of years.
The United States simply can NOT keep printing money like there's no tomorrow, and running these humongous deficits like we've been doing the past 8 years.
Maybe the best thing that can happen - long term - is to not have this bail out. Times will be tough, for a while ... but then after wards our country will be all the stronger because of it.
Perhaps the "executives" and money "managers" should sacrifice their luxury
lifestyle and salaries to return monies "lost." Perhaps salary freezes (or would they like to earn
minimum wage for a while?) and liquidating their assets (ie: houses in the Hamptons, BMW's, etc)
could return money into these tanking institutions??
I emailed my congressional leaders and told them I would fire them if they vote yes.