Reply #79: Keep your head in the sand if you wish [View All]

[MadHound]

I prefer to know what's coming down the pike, and frankly it isn't good. Already some commercial houses are downgrading bonds on the simple announcement of the bailout. <http://financialtrader.com/Bond_Investor.html> Other people have been warning of this possibility for the past few months <http://www.atimes.com/atimes/Global_Economy/JA17Dj02.html> What do you think is going to happen now that the bailout is official and we're on the hook for another trillion in debt?

I'm not "against doing anything". However I am against doing something stupid, something that will kill our credit rating and bring about high or hyper inflation. This bailout will do just that, and our economy, our government and our country will be severely hurt, much worse than if we had done nothing at all.

Once again the Bush plan of using fear worked. It stampeded enough people in Congress and in the country to once again go and jump off a cliff to our destruction. So go ahead, be part of the herd, keep your head in the sand. But when our country is in economic ruin, don't you dare say that you weren't warned.