Why?

Griff · 10-16-2008, 08:50 PM

Maybe this has been beat to death but I wasn't here to see it. Why did the Bush Administration simultaneously promise to pour money into the banking system and talk down the economy? I suppose destroying the economy is a good way to prevent the next administration from doing anything like nationalizing health care but they're nationalizing banking to do it. I've lost the ball on this one.

Pie · 10-16-2008, 08:57 PM

They've got a very hard balancing act to accomplish. They have to "prime the pump" -- ie. get liquidity back into the credit markets whilst simultaneously keeping public panic at a minimum to prevent a run on the banks.

That's why they seem to be speaking out of both sides of their mouths. Well, more so than usual.

Griff · 10-17-2008, 05:10 AM

To me it sounded like they were promoting panic and priming the pump.

10-16-2008, 08:50 PM	#1
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	Why? Maybe this has been beat to death but I wasn't here to see it. Why did the Bush Administration simultaneously promise to pour money into the banking system and talk down the economy? I suppose destroying the economy is a good way to prevent the next administration from doing anything like nationalizing health care but they're nationalizing banking to do it. I've lost the ball on this one. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

10-16-2008, 08:57 PM	#2
Pie Gone and done Join Date: Sep 2001 Posts: 4,808	They've got a very hard balancing act to accomplish. They have to "prime the pump" -- ie. get liquidity back into the credit markets whilst simultaneously keeping public panic at a minimum to prevent a run on the banks. That's why they seem to be speaking out of both sides of their mouths. Well, more so than usual. __________________ per·son \ˈpər-sən\ (noun) - an ephemeral collection of small, irrational decisions The fun thing about evolution (and science in general) is that it happens whether you believe in it or not.

10-17-2008, 05:10 AM	#3
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	To me it sounded like they were promoting panic and priming the pump. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

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