Before we start calling Paulson's plan Socialism for the rich, addressing the lack in oversight, putting some more regulations to it and all the other flaws in it: Shouldn't we worry whether we can afford it or not? It's gonna cost a minimum 700 billion dollars, I've heard estimates up to 1.5 trillion dollars. We have 800 billion dollars in the federal reserve and SS is almost completely gone.
Where is the money gonna come from? I don't see us taking any foreign loans and we'll have to print a lot of money, so the dollar is going to be worth as much as the peso. If we don't intervene though, people are saying we'll be in a recession. It seems like a lose-lose situation.
I didn't give two shits about the economy until two weeks ago, so this could seem like unintelligible babble. I've read so many different opinions on what would happen if we didn't bail out the banks that it's hard for me to see if the concern the economy will collapse is valid or not. I should take an econ class.
Where is the money gonna come from? I don't see us taking any foreign loans and we'll have to print a lot of money, so the dollar is going to be worth as much as the peso. If we don't intervene though, people are saying we'll be in a recession. It seems like a lose-lose situation.
I didn't give two shits about the economy until two weeks ago, so this could seem like unintelligible babble. I've read so many different opinions on what would happen if we didn't bail out the banks that it's hard for me to see if the concern the economy will collapse is valid or not. I should take an econ class.
No comments:
Post a Comment