CT Programmer

Financial Markets Circle the Drain: Where Does That Leave Clean Energy?

jcordes, how is not wanting to add a tremendous amount to the national debt "inane and shallow"? You may want to spend us into a hole to get a bump out of your stocks, but I (and most of the U.S.) don't want to. Unlike the mainstream media, which paints Congress as "not being ABLE TO get the job done" regarding passing this bill, I applaud them for a handful of holdouts that DON'T WANT THIS BILL TO PASS because its a bad idea. Period. No more than a patch job with a huge pricetag. You want to know what will fix this crisis? The market itself. Look at WaMu, Lehman, AIG, Merrill and the many banks that have gone under. They're all owned now by other companies that had better balance sheets because they took on less risk. Big fish swallowing the smaller fish. And suddenly WaMu's balance sheet doesn't look so precarious anymore now that its been folded into a bigger company (that will make money off of the deal in the long run). My numbers may be off slightly, but anyone that runs around like a chicken with its head cut off, screaming that the 2nd Great Depression is coming, and selling all their stocks in a panic deserves what they get. And they also get my thanks for selling their stocks to me so cheaply. Bargains galore!!! Keep on panicking and I'll keep on buying. I'll be shallow and inane sitting on the beach sipping my margaritas with a big-ass retirement account.

Financial Markets Circle the Drain: Where Does That Leave Clean Energy?

Congrats to the 40% of Republicans in the House and the 33% of Democrats in the House that blocked this. This bailout plan was a bad idea, and tons of economists came out saying so. Just doing "something" for the sake of doing "something" will get you a small bounce for a few days, but won't fix anything. Forgive me for not having a ton of confidence in 'ole Hank and Ben. And the pricetag on this one was astronomical. For you Survivor fans, $700 billion is 700,000 seasons of someone winning the million dollars. Or for you PowerBall fanatics, that's winning a hundred million jackpots 7,000 times! It is an un-Godly amount that would have saddled this country with an even bigger debt than we already have. About $2,800 each for every man, woman and child in this country. And if you think we'd get any of that back --- ask yourself this: who would sell it to us taxpayers if they would make money off of it? How about we get a REAL plan, and hammer out the details in more than a weekend? Call together all the leading economists in the country and get them together in a room, not all the Wall Street bankers!