tag:blogger.com,1999:blog-9026484337051027793.post5599566966015638184..comments2009-01-27T22:33:43.830-05:00Andyhttp://www.blogger.com/profile/14309605333128481208andy@savingtoinvest.comBlogger5125tag:blogger.com,1999:blog-9026484337051027793.post-25177322037826228832009-01-27T22:33:00.000-05:002009-01-27T22:33:00.000-05:00I really wonder what our government officials can do to solve what is happening to our automotive industry. God bless America!zoomerdailyhttp://www.zoomerdaily.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-77695063451600305472008-11-13T14:31:00.000-05:002008-11-13T14:31:00.000-05:00I don't think the stock market was too happy either. Down 5% since the announcment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-38449641716487375522008-11-13T10:59:00.000-05:002008-11-13T10:59:00.000-05:00The bailout plan was a bad idea from the beginning - as I have said. Now it's just getting worse. The government cannot solve the problem - they created the problem. Congress should take the money and economic power away from the Treasury and the Fed Reserve should be shut down.Curthttp://www.pennyjobs.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-5160004142990951862008-11-13T09:44:00.000-05:002008-11-13T09:44:00.000-05:00Thanks for the comment TML. I don't mind Paulson changing the course in reaction to changing events, but this is the third time he has done. In fact if he had gone to Congress and asked for $700 billion to buy banks and other companies (which some say equals socialism) then he would have had a much tougher time getting the package approved. Like you said $700 Bn is a lot of money and chaning course is very costly. It really does seems like the treasury is being reactive, rather than proactive to the situation. Scary and if Paulson is about to lose his job, how much does he really care except to preserve what's left of his reputation.Andyhttp://www.blogger.com/profile/14309605333128481208noreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-18521069547641875482008-11-13T09:39:00.000-05:002008-11-13T09:39:00.000-05:00Think about it - changing course with your IRA tells us that you are thinking about asset allocations. Changing course with $700 billion of taxpayer money? That tells us that Paulson and friends are reckless at best and more likely just incompetent.Mr. ToughMoneyLovehttp://toughmoneylove.comnoreply@blogger.com