"Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
"Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
Can someone explain the consequences of this? Yes, Georgie said armageddon but ..... who can really believe him? I think based on his utterances .... things are being made to look worse.
"Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
I suspect if it fails they will go back to the drawing board and try and get something else to bring to the vote. They simply cannot do nothing.
Agreed!
...another look and an amended or new bill!
...most likely a little slower set of deliberations!
How that plays out for Obama who was dragged reluctantly to Washington...and quickly left...and John McCain who stayed...got concessions and now I shall expect become even more deeply involved in the process?
Will McCain take the lead - after all it is the Republican major of the "NAY" (there were also Democratic no votes) votes that killed the bill? ...or will McCain drag Obama in and get them both to work together and 'do this'?
...or will Obama find a way to say, "I was the first to go to Washington and I am the first to work for a compromise"? Obama has a history of that bare-faced lying...stealing his opponent's sayings and moves...so it would be right up his sleeve!
"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."
Everybody worried about Dow Jones average, when there is no need to do mark to market!
The market could fall 3,000 points today and go up by the same tomorrow.
The stock market is almost IRRELEVANT here. It is the CREDIT market that is important and has us all on edge.
CNBC et al, fool people into thinking the stock market is more important than it is. The FX market dwarfs the stock market. LONDON, not NYC is the financial capital of the world. LIBOR is the key statistic.
The politicians are voting based on their constituency. The voters in the constituency are wrong.
They will find out when their 401(k) hit and other stock investments hit rock bottom!!
Then the politicians will lose their seat because those same voters will say:...'we did not understand the ramifications --we lost all our investments so we won't vote for you'.
The only time TRUTH will hurt you...is if you ignore it long enough
The politicians are voting based on their constituency. The voters in the constituency are wrong.
They will find out when their 401(k) hit and other stock investments hit rock bottom!!
Then the politicians will lose their seat because those same voters will say:...'we did not understand the ramifications --we lost all our investments so we won't vote for you'.
Short term thinking.
If the taxpayers are left holding the bag, THEY WILL HAVE NO future!
The taxpayers MUST get equity that can appreciate over time that can cover the inevitable losses of the bailout. Otherwise America will be put under a debt load from which they can NEVER recover.
The bailout must be done RIGHT! CAVEAT EMPTOR...Let the buyer beware.
The banks are engaging in brinksmanship so that the American people dont get a chance to read the fine pint.
This is the financial equivalent of the PATRIOT ACT.
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