However, please recognize that the defeat of this massive bailout is actually something Ron Paul was highly in favor of. If the bill had passed, it would have provided short term relief that would have blown up from $700 billion initially allocated to at least 5 trillion dollars and the further dilution of the dollar could truly have been catastrophic as it would have continued to accelerate the massive decline of the dollar.
So, despite the record stock market losses please understand and realize that this is a GOOD SIGN. Like many medical therapies sometimes you just get worse before you get better and this is a classic example. Who Predicted U.S. Economic Collapse Years Ago? - Articles
Thursday, October 2, 2008
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