Thread: House rejects Bailout, world survives

House rejects Bailout, world survives.

Was it all just a bluff by Paulson and his friends at Goldman Sachs and CitiGroup to stampede the world into panic?

Dollar continues to STRENGTHEN,
Gold falling,
Asia markets down about 4% (catching up with the U.S. market yesterday)
UK's FTSE (+4%),
France's CAC (+4%) and
US Stock futures (+3%) are UP in overseas trading

Originally Posted by zeezil

House rejects Bailout, world survives.

Was it all just a bluff by Paulson and his friends at Goldman Sachs and CitiGroup to stampede the world into panic?

Dollar continues to STRENGTHEN,
Gold falling,
Asia markets down about 4% (catching up with the U.S. market yesterday)
UK's FTSE (+4%),
France's CAC (+4%) and
US Stock futures (+3%) are UP in overseas trading

And the price of oil also dropped, reducing the price of gas by .09/per gallon, too. In many places, this was the first time in ages consumers had seen prices drop below $4.00/gal. This was a bad thing for the American people how?

Did anyone else happen to notice that after this robbery attempt failed to pass yesterday, Barney Frank kept mentioning "If it turns out that we were wrong about this, those who were against this were right, and the economy doesn't collapse........"

To me, it was very obvious that the damage control and CYA spin had already started.

They can stuff their "bailout".