Welcome to Armchair Economics 101.
Now, I'll admit that I'm not an economist. I'm not even an economics student, though I hope to have a second life as a Finance major. Of course, finance and economics are nearly as far from one another as two studies about money can be, but I digress.
It seems to me that an awful lot is being made of the bailout. I'm not sure what to believe at this point. Is it the mortages? Is it the credit crunch? Is it Credit Swaps? Is it China knocking on the door? Is it an attempt to cover bad assets so that they'll be liquid enough to purchase our 2009 deficit? If anyone has the exact answer to that question, they aren't telling us. So, here is MY plan for America:
Read More