$700 Billion Bailout Still Not Enough?
Every day the headlines talk about a new company that has reported less than desirable earnings, and are now requesting support from the government. The domino effect has been created and it’s global. Some time back I mentioned a movie that has been playing around the country in select cities called I.O.U.S.A. I now have the book and will be reading it over the next couple of weeks. I’ll let you know my thoughts when I finish it.
Meanwhile, I thought Kip Herriage (The CEO & Founder of Wealth Masters Int’l) had an interesting post on his blog yesterday. He wrote:
Fire Hank Paulson Now
The Wall Street Journal says that the original $700 billion bailout will not be enough (surprise surprise) which makes it likely that Treasury Secretary Hank Paulson will be forced to go back before Congress and ask for still more money. Just amazing. Congress has a chance to do the right thing and stop this before we send the economy into another Depression. Do any of us think that they have the courage to do this? Outside of Ron Paul and a few others it’s doubtful, but maybe we’ll see them actually listen to their constituents this time. But hey, who am I kidding.
I had a great talk with Wayne Allyn Root yesterday, the VP nominee for the Libertarian Party. Along with Presidential Nominee Bob Barr, they received the second highest vote total in history for their Party, which is truly impressive as they were essentially shut out of the process. Why they were not invited into the debates I have no clue (well, that’s not quite true), but my guess is that in four years, when Mr. Root is hopefully at the head of the Libertarian Party, things will be quite a bit different. Many of you reading this will hear Wayne speak at the upcoming WMI Wealth Conference (Nov 21-24) in Marco Island, FL. According to Wayne, things will only get worse as we abandon our capitalist system and embrace socialism, as evidenced by the ongoing nationalization of our banking system and coming auto industry bailout/takeover. Get ready folks…Wayne is going to rock the house!
To read more of Kip’s post visit: www.kipherriage.com
How are you feeling about the "bailouts" taking place right now? 
Until next time, J.
"Take control of your destiny or someone else will"
Tags: auto industry, bailout, banking system, banks, blog, blogging, blogs, bob barr, business, capitalist system, Carbon Copy Pro, conferences, couples, create, depression, desire, destiny, do the right thing, domino effect, earnings, economy, fires, founders, governments, greatness, hank paulson, headings, iousa, janet giacoma, kip, kip herriage, libertarian party, marco island, masters, money, nationalization, presidential nominee bob, ron paul, socialism, surprise surprise, surprises, thought, treasury secretary, vote, vp nominee, wall street journal, wayne allyn root, wealth, wealth masters, why, wmi
November 13 2008 12:17 pm | Misc Ranting and Retirement and Wealth Strategies
November 28th, 2008 at 7:29 am
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