Bailout

Any intelligent discussion of this possble? I'm sure there's something about it in politics but I stay out of there now.

Whether or not it's the right thing to do I have no fait in the govt to execute it correctly or discuss it on it's merits alone.

 

watch wall street today.

 

Talked to my dad, retired investment banker, he has not seen anything like this in his life time. This is unusual times. Worried, yes.

Banks failing, credit drying up.

And this has nothing to do with Washington. Hunker down for the long haul.

 

It does now.

 

I heard something last night that caught my attention. A suggestion that cutting the captial gains tax would accomplish the same thing.

 

Really? Not discounting this idea but what is the rational?

This is turning into a nightmare for a lot of people. And there is no real fix. You can put bandaids on it but it will all "have to come out in the wash."

 

I don't know, that's why I brought it up here.

 

If they are going to use our money to fix this thing we should at least demand something in return. I'm thinking some sort of tax reform.

 

Let it fail. I'm against bailing out the corporations and bailing out the people that bought homes.

 

I couldn't care less about failing corporations or helping people keep their houses. The fact is it will cause healthy corporations and smaller business to fail as well. It's a mess.