(no subject)

[jlc20thmaine.livejournal.com]

Comments

[blueduck37.livejournal.com]

You're right... Geithner's plan is way too close to the no-strings-attached free-for-all that was the Bush/Paulson plan. And no one in their right mind is responding well to that.

[jlc20thmaine.livejournal.com]

You mean this: "The White House is hoping that its rescue plan will be perceived as a more coherent rescue effort than the Bush administration’s, and one whose breadth and scope are so vast that it begins to restore financial confidence in the battered markets and entices private investors to come off the sidelines." http://www.nytimes.com/2009/02/10/business/economy/10bailout.html

[blueduck37.livejournal.com]

I'm referring to headlines like those at the bottom here (http://img.photobucket.com/albums/v36/weezthejuice37/LJ%20Pics/LJ%20Pics%203/HuffPo_Geither2.jpg). Like I said, just another no accountability free-for-all just like Bush and Paulson envisioned.

[thormonger.livejournal.com]

I thought that was Comedy Central!

[ltmurdoch.livejournal.com]

I didn't see Geithner's press conference and I haven't paid attention to any of the details, but you have to admit the presentation of this plan was a complete fail. There is absolutely no sign of confidence from Wall Street, which is part of what this announcement was supposed to provide.

[xforge.livejournal.com]

Wall Street are a bunch of no-account jackasses. Whenever anything positive happens at Apple Computer, for example, their share price drops precipitously. It's like, what do you want, assholes?

[terminator44.livejournal.com]

Yeah, how dare they be skeptical of a amorphous mass of government spending and expansion?

[xforge.livejournal.com]

Mm, I suppose they have that right. Still, I think they're... easily coerced.

[terminator44.livejournal.com]

Yeah, they are. Good thing nobody's going around predicting economic doomsday to further their political interests, eh?

[xforge.livejournal.com]

Snerk. Yeah, good thing.

[dr-pepper-spray.livejournal.com]

Wall street acts like a panicked rabbit most of the time but seeing the Dow drop and stocks dip isn't a bad thing. If in two years, the unemployment rate has gone down and people are confident enough to spend then it'll be easier to get in on the next wave on wall street. It'll go back up. Always does.