They knew the bailout couldn't work...

That's what I've been saying, the bailout(s) will only serve to increase volatility. I happen to like volatility so you don't see me complaining... governments are typically political disasters. I think the current admin will be a disaster.
 
Quote from Fractals 'R Us:

That's what I've been saying, the bailout(s) will only serve to increase volatility. I happen to like volatility so you don't see me complaining... governments are typically political disasters. I think the current admin will be a disaster.
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It goes both ways. The booms are a function of economic policy, and the busts are inevitable. Without supporting economic policy, the busts still happen and are even more damaging.

Unless you are going to provide a quantitative analysis of why intervention is so much worse than no intervention, your comment isn't even worth making.
 
Increasing cash at banks might prevent a credit crisis but to stimulate the economy The Government might need to spend money and create jobs. I wonder what The Government might spend money on.

Maybe replace bridges, build a new World Trade Center, or build hydrogen fuel stations along every highway?

And these spending projects might be in addition to the US $ 700 billion bailout.
 
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