User 265729

Seeking the Fix That Will Finally Work

Ms. Lien:

When you state: "Another day, another plan from the US government that failed to impress the markets."

This makes it worse. Now I hear Bush is going to speak tomorrow. All of this speaks to the market that there is a sense of "desperation" on the part of government. This does not bode well for the markets as the basic fact that Bush feels the need to come out tomorrow to "calm" them will have the opposite effect unless he's going to rescue the American way of life in one speech.

If you look back, you can really trace this death fall for the markets back to Paulson's "sky is falling" bailout plan that need to be passed "yesterday" and eliminating judicial review. It was almost a call for an economic "coup" by the U.S. Treasury. After the bill passed... Same guy, Paulson. is telling everyone, this all takes "time." Before it was passed we didn't have time, now we have time.

The Bush Administration and Paulson have turned a dismal situation into a real emergency by totally undermining the confidence in the markets by their actions and statements.