Monday, October 6, 2008

Asia and Europe Markets Plung after US 4th Bail Out

It is Sunday, three days after the Congress voted for the 700billion dollar sweeten deal, in the United States but it is Monday in Asia. And in the Far East the Stock Market took a plunge.

In an article written by Alex Kennedy with the Associated Press in Singapore, the Asian and European Markets spiraled downward because they could not trust that the U S government bail out was enough to help the world economic crises.

What? The Europe and Asia Markets could not trust that the US government Bail Out as enough to help the world economic crises?

Why don't they do their own bailing out? Our U S Government is using the money of the tax paying working Middle class United States Citizens to bail out the Financial corporations, the banks and Wall Street. The federal tax dollars are supposed to be used to RUN THE GOVERNMENT not bail out companies. The federal tax dollars are supposed to be used to pay for the Government services that are suppose to be provided to the US Citizens, not given to CEO's. And how does that translate into bailing out the whole world?

You know what Asia and Europe? I have some advice for you. " BAIL YOUR SELVES OUT! " Enough already!

The U S economy is on the brink because of regulations that were altered by the Republicans in the Bush White House Administration.

Maybe you in Asia and Europe also took out regulations that protected the economy, and that could be why your economy is not doing well. Do you want to fix your economy, then put the regulations in your market and corporations to prevent the destruction of the economy as well. Try it, it just might work.

Too bad the Republican Bush Administration had spent most of the last 8 years to do away with those regulations. Wouldn't it be just PEACHY KEEN to see those regulations back in play, fixing the economy?