Bush convenes Plunge Protection Team
GREAT NEWS!!!!
Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit - officially the President's Working Group on Financial Markets - was created after the 1987 crash.
"At this point the debate is not about a soft land or hard landing; it is about how hard the hard landing will be," said Nouriel Roubini, professor of economics at New York University.
Is that the only solution we can come up with - throw money at the problem? I'm not saying I am a financial genius, but does that seem like a band-aid on an amputated limb?
Tell me more though - I am interested in the back story.
was this a flop or WHAT? now they are talking about another rebate check...I say just cut my taxes!!!