mediahasyou
01-04-2009, 02:14 PM
http://digg.com/business_finance/Obama_s_Economic_Plan_of_No_Confidence#
The stock market went into nose dive immediately after the bailout. While a slim few investors benefited from this, the average joes lost much. If America continues a financial plan of “No Confidence”, the people of America will lose much.
When a economic plan is drawn up to save the economy, it shows Americans the government has no faith in the economy. When the government has no faith in the economy, the people of America begin to have no faith in the economy. The consumers believe the government knows something the consumers don't. This results in no confidence in the market. The bulk of the economy and average joes begin to hold back on spending.
The market is propped up through consumer confidence. Whether it's bailouts, lowered interest rates, or stimulus packages, in reaction the people of America lose confidence. Each of these is a misdiagnosis of our economic disease. The so-called cures are prolonging our fiscal sickness.
Obama will come to office this month with his own stimulus plan. Another president with "No Confidence" in the economy would be devastating. America would lose all hope in the future of the market.
The stock market went into nose dive immediately after the bailout. While a slim few investors benefited from this, the average joes lost much. If America continues a financial plan of “No Confidence”, the people of America will lose much.
When a economic plan is drawn up to save the economy, it shows Americans the government has no faith in the economy. When the government has no faith in the economy, the people of America begin to have no faith in the economy. The consumers believe the government knows something the consumers don't. This results in no confidence in the market. The bulk of the economy and average joes begin to hold back on spending.
The market is propped up through consumer confidence. Whether it's bailouts, lowered interest rates, or stimulus packages, in reaction the people of America lose confidence. Each of these is a misdiagnosis of our economic disease. The so-called cures are prolonging our fiscal sickness.
Obama will come to office this month with his own stimulus plan. Another president with "No Confidence" in the economy would be devastating. America would lose all hope in the future of the market.