Global markets gave a liberators welcome to the Bush-Paulson plan, ceded to them by Congress. At one point today, the Dow average was off over 800 points ...
"DOW 10,000"
It's deja vu all over again.
Anyway, next week we will all be talking about stimulus and about how long The Plan will take to "work", even though it had to be passed by market's open last Monday to "restore confidence" with a "big bazooka", according to some eager to get their welfare package (including the media? why doesn't Colbert ever spoof the financial media, I wonder...).
For those only living in our banana Republic, rather than leading it, can't say we didn't warn appropriately or loudly enough ...
The $500 Million Dollar Man
Fuld was great, wasn't he? Free market capitalism is the best route to prosperity. (Ask Larry Kudlow). Fuld is *one* poster-boy for it. We're all better, somehow, because someone so obviously in a denial of sorts (if not an outright fraud) is drastically overpaid...
Paulson's Go-To Guy ...
... has no markets experience. He's an investment banker. Good grief. Next thing you know, he'll be hiring accountants to get us out of the mess.
Monday, October 6, 2008
Paulson Helps Bush Get Greeted as "Liberator" for Second Time ...
