Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Road Walker who wrote (453003)	2/1/2009 9:50:56 AM
From: i-node	Read Replies (1) of 1575594

The economic arguments mask, for some, a primal fear that this is 1933 all over again, the beginning of a 21st century liberal resurgence. The comparisons to 1933 are sure to resound even louder in the next week. Much as Roosevelt imposed a “bank holiday” in his first days in office to stop the run on American financial institutions, Mr. Obama promised in his weekly address to the nation on Saturday that Treasury Secretary Timothy F. Geithner would soon announce “a new strategy for reviving our financial system that gets credit flowing to businesses and families.” Any comparison between Obama and FDR is absurd. FDR would croak if he saw this legislation Obama is trying to get through. Absolutely croak. The bank holiday was not a "plan" to deal with a problem. It was a last-ditch effort, a stop-gap measure that was borne of desperation. There literally wasn't any choice. What stopped the run on banks was FDR's incisive action DURING the bank holiday, which was take America off the gold standard. And Treas. Secty. Woodin made that decision quickly -- over the course of one night and FDR announced it the next morning. If Geithner had a plan I think we'd have heard about it already.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next