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How interesting it is to see corporate America - even the Republicans the biggest anti socialists of them all - call for government intervention into the economy. These are the same people who for years cried out Derugulation! Deregulation! At any cost. Now with the economy in shambles and huge corporate lenders falling left, right and centre; so their tune changes. For the record and let me say this now, I dont agree with the government intervention; 750 billion dollars is simply not enough and they are throwing it away. This kind of situation requires an all or nothing approach, small dribs and drabs of money for the troubled markets will simply not solve the problem but slow its onset. You see the U.SĀ lendersĀ are currently about 13 trillion in debt. A mere 750 billion hardly solves this problem but rather gives a small shot in the arm to a market which will inevitably continue downward anyway. So give 5-6 trillion to the market or give nothing, and instead give the money to middle america to boost the economy from its foundations up. If history has taught us anything its that the trickle down effect so admired by the right of politics in all western nations simply wont work in times of financial crisis; because like a building with ruined foundations, restorations of the upper floors wont stop the collapse.


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