posted on Jan, 15 2009 @ 02:48 PM
I went to yahoo financial and saw a title of a story, "Wall Street Pares Losses as Hopes Grow for Bailout". I can't help but think if the only
thing Wall Street has to look forward to are bailouts, well it needs to get a grip and try to survive on its own. Whenever they help the stock
market, they hurt the rest of the country that doesn't hold stock. The Fed has lowered the interest rate in order to help the stock market, and then
the average joe loses money from inflation. But of course, he'll probably never know. Now I guess the interest rate can't be lowered any further
and now Wall Street wants bailouts to get its fix. Wish we could work towards a sustainable economy with stable growth and a control over this
I hardly have a doubt that this year is going to be worst than last. It amazes me that some of these experts think this will be over anytime soon.
I've heard on the news that the recession will probably last until the end of this year, which is the soonest imo it would get better. The real
issue being that I think this is a long term problem for the USA. Looking at the fundementals of the economy, things aren't and can't get any
better, only worse. If we can keep the charade up a little longer, then we might see some improvements. But what exactly is going to pull the wool
over everyone's eyes again? This whole mess has exposed a major weakness in our system and the world system.
[edit on 15-1-2009 by ghaleon12]