George W. Bush said today that his new plan will authorize the
Treasury to buy bad mortgage-related investments from finance
companies, unfreezing the credit markets by freeing up banks and
finance firms to lend once again.

Does not he know that Communism is no longer in favor? Having the
federal government spend billions of taxpayer dollars to buy private
homes to prevent homeowners from being evicted is exactly that:
Communism.

And it will not work. The government's efforts to stop the stock
market from collapsing will have exactly the opposite effect: Causing
it to drop further. Investors will have no confidence in an economy so
weak that it needs to be propped up by the government.

This is just basic economics. How did we elect a president that does
not understand that?

Sam Sloan

"samsloan" wrote in message
...
George W. Bush said today that his new plan will
authorize the
Treasury to buy bad mortgage-related investments
from finance
companies, unfreezing the credit markets by
freeing up banks and
finance firms to lend once again.

Does not he know that Communism is no longer in
favor? Having the
federal government spend billions of taxpayer
dollars to buy private
homes to prevent homeowners from being evicted
is exactly that:
Communism.

And it will not work. The government's efforts
to stop the stock
market from collapsing will have exactly the
opposite effect: Causing
it to drop further. Investors will have no
confidence in an economy so
weak that it needs to be propped up by the
government.

This is just basic economics. How did we elect a
president that does
not understand that?

Sam Sloan

Sounds like you might have voted for him two times

On Oct 10, 4:05*pm, samsloan wrote:
George W. Bush said today that his new plan will authorize the
Treasury to buy bad mortgage-related investments from finance
companies, unfreezing the credit markets by freeing up banks and
finance firms to lend once again.

Does not he know that Communism is no longer in favor? Having the
federal government spend billions of taxpayer dollars to buy private
homes to prevent homeowners from being evicted is exactly that:
Communism.

And it will not work. The government's efforts to stop the stock
market from collapsing will have exactly the opposite effect: Causing
it to drop further. Investors will have no confidence in an economy so
weak that it needs to be propped up by the government.

This is just basic economics. How did we elect a president that does
not understand that?

Sam Sloan

The demos plan which was in part implemented with the "buy out" deal
is going to come back on us the taxpayers and not on the big
buisnesses and the very wealthy.Whatever they have to forfiet we will
end up having to "pay back'.The classic "trickle down"effect

"samsloan" wrote
This is just basic economics. How did we elect a president that does
not understand that?

Maybe you are all ****ing morons.

That's the conclusion that has been reached by the rest of the world.