THOUGHT FOR THE DAY!

"The United States does not have an automatic call on our resources. There is no mind-set that puts this country first."-- Cyrill Stewert, Chief Financial Officer of Colgate-Palmolive Corporation

 

The Dallas Federal Reserve Bank President, Former Treasury Secretary, Head of the Congressional Budget Office and Leading Economists All Slam Bailout

The following experts have slammed the bailout:

* The Dallas Federal Reserve Bank President (Richard Fisher) said the proposed bailout would plunge the U.S. government deeper into a fiscal abyss

* The former Secretary of the Treasury (Paul O'Neill) questions the bailout

* The director of the nonpartisan Congressional Budget Office (Peter R. Orszag) said the bailout could deepen the crisis

* Hundreds of leading economists, including numerous nobel prize winners, question the bailout

* Former White House economist (Steve Hanke) adamantly opposes the bailout

* Nobel prize economist and former chief economist of the World Bank (Joseph Stiglitz) opposes the bailout

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Posted on Sep 26, 2008 at 11:45
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