So you think the bailout failure is the end of all things? Are you subsumed by the fever of the panic? Are you seeing the Second Great Depression on the horizon?
Well then, Donald Trump would like to talk to you (Fox News via Mountain Sage):
Oil is going to drop down to nothing . . . and there’s nothing OPEC can do about it . . .
Every time they talk bailout, and every time it looks like it’s going to happen, oil goes up! Way up! It takes the juice out of whatever they’re doing!
. . .
Oil is going to drop and ultimately that’s going to lead to a very strong economy.
When Neil Cavuto then asked “the Donald” what else will happen if the status quo (no bailout) is maintained (emphasis added) . . .
I think it’s going to be a very interesting period of time and people with cash are going to make good deals and lots of interesting things are going to happen.
. . .
I would say this: people with cash will make very good deals and they won’t need the government. I think we’ll survive very nicely without it.
He then finishes by giving bailout opponents hope that, indeed, will we be spared this monstrosity:
. . . it seems hard to believe that it will be approved, knowing that oil is going to tank if it’s not.
There was a time when I never thought I would ever say this, but we need Donald Trump as Secretary of the Treasury. He’d be a dramatic improvement over Henry Paulson.
Hi there….I haven’t been to see you in awhile.
It was nice of Trump to find some kind of silver lining.
MountainSage
A Chia Pet would be a dramatic improvement over Paulson.
Oh that’s brilliant.
[...] have to give this comment more pub! Last night, I had this to say about Donald Trump: There was a time when I never thought I would ever say this, but we need Donald Trump as Secretary [...]
Trump is a jackass. His success is a myth. His business track record is a disaster and he is incapable of listening to anyone.
HAVE YOU HEARD OF PEAK OIL DONALD?
I’m sure he has, JR. We’ve also heard of the boogeyman and the monster under the bed, but we don’t believe in those either.
rightwingliberal, you’re right. There’s an infinite amount of oil in the world. It pours out of Jesus’s @$$ and is collected by fairies.
Hate to break this to you, well, actually I don’t. We pasted peeked oil production in the U.S. back in the 1970s and we passed peek oil production in the world back in 2006. It’s all downhill from here.
As for why oil goes up when the bailout looks like it will pass… These are speculators who know the bailout will cause hyperinflation.
[...] Vote Housing bust may not bottom till 2010: Moody’s Senate to Vote Wednesday on Bailout Plan Donald Trump doesn’t feel the panic A fix to the financial situation The Bailout Defeat: A Political Credibility Crisis Goldman seeks [...]
popo’s jealous. Donald Trump laughs all the way to the bank… or his safe. What do you have?
[...] been in the panic-infected hothouse of Washington and all, but there were several economic and financial experts who were immune to the panic, and realized that the “cure” of the bailout was [...]
[...] been in the panic-infected hothouse of Washington and all, but there were several economic and financial experts who were immune to the panic, and realized that the “cure” of the bailout was [...]