These Things, They Scare Me

[grand_marquis]

I'm usually quite clueless when it comes to economic matters, so I generally stay out of them.
But this bail-out plan being discussed seems to cross the line into a larger issue.

Basically, the situation, as I understand it, is this: our stock market is shaking on the edge of disaster and to help this problem, Secretary of the Treasury Henry Paulson

Comments

[honooko]

Here's a thought: stop taking Social Security from me (since we KNOW I'm never gonna see it) and use that. Or better yet, GIVE IT TO ME and I will spend it and therefore better the economy. >:/

[grand_marquis]

Again, I really have no idea if that would be wise or if it would be terrible. I'm generally wary of the Give Out Money To Spend plans our country's had in the past, but for no other reason than the fact that they don't seem to have much effect.

Bill Clinton, apparently back to being awesome after his stint as a moron during the primaries, proposed something on the Daily Show that sounded competent: place a moritorium on foreclosures {because they cost us more money in the end} and do some flibberty-floo with loans.
See? I can't even adequately express what he said. I don't know this stuff.

[nardaviel]

...::did not know about this development:: 's what I get for living under a rock.

I am god-awful at economic stuff. Seriously, it's pathetic. However... I think even the economically incompetent people are allowed to say wtf in this case. =\

[grand_marquis]

Yeah, I think this is a much larger issue of responsibility and the evils of massive power-grabbing.
It's frightening, no?