Tuesday, October 14, 2008
Nationalizing the Banks
I won't talk about energy. I will talk about the nationalization of banks. This move is huge. Nine big banks have $125 billion dollars. Bush wants $100 billion more. This move may be good or bad. Years ago, the government bought 80% of an Illinois bank. Our government lost $1 billion. Europe is performing this too. Yesterday, Europe risked $2.3 trillion dollars, and this money may not be enough. Democrats want $150 billion for later use. Everyone is complaining about this spending. Eunomia does not like the plan, and Paul Krugman does not like the management. It seems that everyone does not like the plan. President Bush is a bad President, and the plan has had difficulties. I think the plan is nice, though.
Subscribe to:
Post Comments (Atom)
2 comments:
Do you think there is any connection or effect this nationalizing of banks would have on renewable energy? Do you think issues such as renewable energy are being overlooked or smothered by the recent economic situation? or is it all justified as once the economy bounces back, so will everything else?
The Brown Man,
No, I do not think that bank nationalization has much impact on renewable energy. On renewable energy, I think that the issue, like almost all other issues, has been buried in the enormous soil of the economy. The economy has great influence on many issues, but I think that a dominant issue will always obscure the rest from the thoughts of Americans.
Tommy
Post a Comment