Will We Have A Depression?
September 29th, 2008 at 2:55pm
I just heard that the bill for the Wall Street Bailout has not passed, I hate the bill too, but I think that we have to do it. So much could go wrong now if people are to the point where they feel the government is just not going to get things done. I am to the point where I don’t think they are going to get much done and it may not be on time. Unfortunately it seems to be a wait and see. With any luck we will have investors that will give it time, but the stock market is already responding.
Frankly I think either way things are going to suck for a while, either we pass something and get though this eventually, or we get to relive the great depression, well we have a chance at least.
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Right now I think one of our biggest concerns is that the foreign investors (which make up a huge part of our market) might lose confidence in America and pull their investments if we don’t get this mess straightened out right away! For all of our sakes Congress needs to stop battling with each other and get the job done like we elected them to do!!
I also am worried about that. hopefully they figure out something soon.