Cash for all!!! Yippee!!!
The Feds have finally announced
that they are going to give away billions of dollars
. Apart from the nagging doubt if this would actually work, some part of me feels it is not correct. Why do the people who get money deserve to get them? Because they have children, they are married? How can a capitalist country do such a socialistic policy implementation? How can an individual rewarded based on his need rather than what he/she deserves? So, who is going to pay for all these billions of dollars
, surely not the federal government. Don't understand the democrats fetish about food stamps
I believe the market is correcting itself. They don't
call it cyclic for no reason. The house market was too over hyped
, irresponsible lending and greedy buying. When you make a mistake you have suffer the consequences. The same thing I hold for Bombay Stock exchange. It was was way too over hyped
. When I read that it lost some 21% of its value in a strange way I was happy. The market needs to represent the correct and actual scenario
not a mass hysteria. If fall in stock market, down turn in economy it means the system is telling us something - prudent fiscal measures, cutting federal spending, no stupid lending and common man should not be spending his next months salary now.
Cut the flab and get back to work.