Re: Senate passes $700B rescue , House votes lured
posted on
Oct 02, 2008 04:21PM
Regardless of whether or not The House passes this bill it is nothing but a Temporary Bandaid - the bleeding will continue. If they pass it we will get a temporary surge or uplift but it simply won't last. Within months there will be many more failures & collapses. How much debt can the U.S. absorb? Just watch & witness how Europe will be the next to fall & probably blame the U.S. for all its woes.
We can't bail out everyone. The GREED that has existed for years is now very apparent - does the gov't & Wall ST care about the average Joe -- certainly not! Cash is king right now - and gold will soon be valued more than ever despite the turbulence of the last couple of weeks. Ignore these temporary gyrations! Baton down the hatches & sit very tight!