Friday, October 17, 2008
They're Afraid!
This is what causes ALL recessions and depressions. People listening to others who convince them a "recession" or "depression" is coming. So they hang onto their money; take it out of the market, and actually CREATE the recession or depression they fear. That's why the market is fluctuating so wildly since a Senator's assurance that a recession is already hers caused a run on several banks, which led to the government "bailing them out" and panicking, which led to the $700 billion "bailout, which rose to $850 billion when all the "pork" was added. In addition, there have been several other "bailouts" of differing amounts on top of that. I don't know where these politicians think they're going to get all that money, since we're ALREADY "overdrawn" to the extent of $3 TRILLION dollars! Then there's the cost of everything Obama has promised if he gets elected, for which there is not enough money in the world. Now I'M afraid. But I'm old enough I won't be around for most of it. (Yahoo News)
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