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Bush: Bailout now or suffer more later
 
Published by kidmercuryblog
09-25-2008

Bush: Bailout now or suffer more later

LOL, does anybody actually think Bush (1) has any clue about the economy or (2) even tries to tell the truth? Before answering, remember this.

As usual, the opposite of what Bush is saying is true: accept suffering now to ward off a disastrous amount of suffering later. The market is trying to deflate (i.e. prices and wages are trying to fall after going to bubble levels), failure to allow this to happen only causes currency devaluation (i.e. greater prices). The latter is going to end up being more painful. All solutions start with limiting government spending. -- KM


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BUSH: BAILOUT NOW OR SUFFER MORE LATER

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