Wednesday, October 1, 2008
Bailout Bill Discussion
Sept. 29, 2008 - The President's proposed $700 billion bailout bill failed on Monday by a vote of 228 - 205, 1 non-voting. What are your thoughts on this result? Should the government allow the economy to fix itself, or should regulations be put into place that could help stabilize the economy? Are the Amero and the North American Parliamentary Group possible alternatives for Canada, Mexico, and the United States in this time economic crisis?
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In contrast to the House of Representatives rejection of the bailout bill Monday, a bipartisan coalition of senators, including McCain and Obama, passed the plan with a margin of 74 to 25 in favor of the White House initiative to buy troubled securities in an effort to avoid an economic crisis.
I heard Ron Paul and his economic advisor, Peter Schiff, who is the president at Euro Pacific talk about the possible financial crisis months ago on MSNBC, here's a link:
http://www.youtube.com/watch?v=CBptq6LehhI
Also, www.lewrockwell.com has all kinds of articles and essays by economists on how bad things could get.
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