Wednesday, October 1, 2008

So they pased the bailout. Now what happens?

1. The Market skyrockets for a short-period of time (maybe a year and a half max).

2. Credit lines to people/businesses who can't pay their bills are re-opened. Those people/businesses spend more money that they can't pay back.

3. Wall street types start figuring out that a bail-out doesn't equate to new jobs or more highly-skilled/educated American workers. Out-sourcing to different countries with better educated, harder working, and lower paid workers continues.

4. The bailout money runs out and Americans (private citizens, businesses, and the government) are in even more debt than before.

5. The bigwigs on Wall-Street that got bailed out figure out whats going on (the economy still sucks, their are no jobs, and people still can't pay their bills) and in response they save their own asses by selling off massive amounts of stock in order to secure their wealth. After-all, this is all Paulson and the like care about-getting the market back up so his friends can sell high instead of low and maintain their position in society.

6. On one dark day the market tanks in response to the massive sell-off of stocks by the whales on Wall Street. The next day the average American stock-holder responds to the massive sell-out of the whales on Wall-Street and the market tanks even further.

7. We the people (anyone not in the top 5% of the tax bracket) are completely fucked. But at least the big-wigs got out at the top of the market.

8. America continues its downward spiral down the toilet.

No comments: