Friday Freeform Blogging
My questions for you:
Q. Do you think the bailout plan, which just cleared the House, will have any positive effect on the economy? The credit crunch? The mortgage crisis? Are there any other plans that you think would or would have worked better? (Here is former Treasury Secretary Paul O'Neill's plan, here's billionaire George Soros', and here is Edmund Phelps' plan (2006 Nobel Prize winner.)
Q. Who or what is to blame for our current economic woes? Do you agree with Gov. Palin, who in last night's debate blamed "predatory lenders" for causing the crisis?
Q. What do you make of the rather bizarre Microsoft ads featuring Jerry Seinfeld? Brilliant or bonkers?
Leave a comment with your impressions below.
Comments
I'll have to review the other plans, but I'm so pessimistic about the economy, I'll comment right away on that. The bailout might prevent a free fall -- but it won't change the downward trend of jobs, the stock market and things in general. We were probably due for a serious correction to the relative prosperity of the past few years. The predatory lenders really did make out like bandits. NINA loans, resold and tranched are simply the worst form of sleazy money lending imaginable.
Posted by: lori | October 4, 2008 05:02 PM