The Continued Global Economic Crises

It is Monday October 6 2008 9:06 am Pacific Time in the USA and our markets have began to continue their downward plunge after the markets in Asia and Europe did a downward spiral on their Monday which is our Sunday. Try to remember that those countries are one day ahead.

I just wonder, since the Bush Administration pushed for and got laxing regulations during most of the 2 terms of Bush, and since the same Financial companies, Banks, and Wall Street corporations all benefited from those laxed regulations thus being able to do their deceitful business transactions with no oversight or accountability, how would throwing tax dollars at them suppose to improve the economy?

I have a hard time with the Bush Administration concept that throwing away 700Billion of tax payers money with the 150Billion of the sweeten deal at the same scrupulous companies and their devious transactions is suppose to improve the economy.

Just HOW does it improve the economy anyway?

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?

Sweeten 700Billion Deal

It has been one and a half week of president GW Bush demanding that the Congress approve a 4th bail out bill for the Financial Corporations, Banks and Wall Street. Only this time it was 700Billion tax dollars being decided on.

However, at first the Republicans walked out of the meetings. They refused to approve the 700Billion bail out the way it was written. Of course the Democrats also did not trust the bill that was presented to them because the Democrats wanted regulations and limitations added to it.
But that is not what the Republicans were concerned about and it is not what they wanted added to it. No! The Republicans in the Senate stated they would vote for it if they rewrote it. Well they did, and the Republicans added a lot of pork which has come to be known as the sweet deal.
Yet there was NO REGULATIONS, NO LIMITATIONS, NO RESTRICTIONS, and NO GUARANTEES for the American Tax Paying working middle class people.

The 7 1/2 years of the Republican GW Bush presidency has given us a roller coaster economy EVERY SINGLE YEAR since 2001. Guess Republican Bush just wanted to leave his office with something big to be remembered for in history. And it looks like he got his wish.