Please take a look at these videos. They are 9 minutes a piece. They explain why the government must not engage in any further bailouts and must follow certain steps to get the country back on the right path. Many other economists have called for this, including Robert Reich (an Obama advisor). These bailouts are going to crash the economy. The time to act is now! Watch the videos, you are unlikely to be moved by the fear mongering after this. Please, President Obama will have nothing to govern if we fail to act, and in 2012 we get the Republicans back in Congress and the White House for our efforts. We actually have to save America from the thieves.
Inflation, crushed dollar and higher interest rates are going to wrack the economy if we allow the government to bailout Wall Street. How is restoring the liquidity going restore faith to the markets if the macro-economic trends are negative? The market will surely react negatively to these (aforementioned).
As will be mentioned in the following videos, no country has ever been able to print money in order to solve a debt crisis. Weimar Germany, Argentina and Zimbabwe all tried this approach and it failed miserably. The result in those countries was political, financial and economic breakdown. Do we really want this in our country? The government seems hell bent on throwing our hard earned money into a vortex from which we will never see our money again. Pretty soon Congress will come back and make the case for more bailouts. We cannot afford this. The Fed and the country are both broke and we quite literally cannot afford to finance these bailouts, because we have no reserves (real cash) to back up these expenditures. Please watch these videos and call Congress if you feel moved. Thanks:
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CALL CONGRESS!!!