Monday, September 15, 2008

Stock market



















I think that the government should take responsibility for the stock market crash because thousands of people will lose their jobs and homes if they don't take action.The government should do this by not loaning money to people who cant pay it back, and not borrowing money when we cant pay it back. I also think that we should print less money so the money we have will be worth more. This would be a Federalist point of view because the Federalists believed that the government should play a big role in how the country is run.


Wall St.'s Turmoil Sends Stocks Reeling, by Michael M. Grynbaum, September 15 2008
http://www.nytimes.com/2008/09/16/business/worldbusiness/16markets.html?hp



Edit
Secretary of the treasury Henry Paulson, who is in charge of all the money in America, has come up with the idea that the government should give him $700 billion which he will use to balance out the stock market.I think this is an extremely bad idea because, not only is the amount of money he is asking for huge, we are probably to in debt to pay for it, and he passing a law that
states that he can not ever be persecuted for any action he might take, so basically he will be able to get away with anything; including taking the money for himself.


Is Paulson's bailout bill unconstitutional?,by Rod Smolla,September 24 2008
http://www.slate.com/id/2200817/

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