From the Right Side of Campus

Tag: bailout bill

Forbes: Bailout Costs 5 Trillion… So Far

Yup… you read that right. 5 TRILLION dollars. So far… I recommend taking the time to go through and read every last detail in this article because there are little spending gems hidden throughout. Gems that you, most likely, wouldn’t hear about otherwise. But the best part of this has to be the results… or, more accurately, the complete lack there of. After all lending between banks, which the government tells us is the most important problem, is still frozen even after interest rates have been cut by more than half. And it would appear the much touted bailout bill

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Massive Bailout Madness!!!

In case you missed the first go round we now have the pleasure of a take two which shall be appropriately named: Massive Bailout Madness!!! Who are the stars of this sequel you ask? Well I’ll tell you… First off, like any quality sequel, there is always one returning star. For this production that returning star happens to be AIG. The insurance giant wants billions more on top of the billions they received in Bailout Madness take one. But, like any sequel worth destroying a country over, this sequel includes a few big name newcomers. There is American Express who

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It’s the end of the world! Oh wait…

No its not. Not even close. Yea the 778 point drop in the Dow is terrible, its even the biggest point drop ever according to CNN. But that sure as heck doesn’t mean we are headed for another great depression. Consider this, while the 778 point loss is the biggest point loss in history it is only about a 7% loss. Compare that to the stock market crash of 1987 where there was a 508 point drop which accounted for a massive 22.6% loss and there was no long drawn out depression which followed that incredible crash was there? But,

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