Do you think he's got a wall calendar where, each day, he puts a big "X" on the day before, counting down the time he has left in Washington? If I were him, I certainly would.
First, it was the toxic paper held by banks. Then they realized they should help the banks. Then some people realized that some of the money should be spent on consumers, and once everyone starts making money again they can pay off their debts, detoxing the bad assets. But CREDIT?
People need actual cash to pay off their debts, not more debts to add on.
Well, maybe in a week or two, they'll change gears again.
Yeah. Brilliant. People need MORE credit.
ReplyDeleteFirst, it was the toxic paper held by banks. Then they realized they should help the banks. Then some people realized that some of the money should be spent on consumers, and once everyone starts making money again they can pay off their debts, detoxing the bad assets. But CREDIT?
People need actual cash to pay off their debts, not more debts to add on.
Well, maybe in a week or two, they'll change gears again.