Current Events — HabitableZone

Current Events

Understanding the stock market a bit. "Stocks climb on news of corporate deals"

The bailout of Bear Stearns and other infusions of cash into failing companies has demonstrated that the Bush Administration will use any amount of public funds to prop up an inflated stock market. Tax money is used to see that "capitalists" will not lose money.

The costs are obvious, a weak dollar with higher costs for many, many goods being only one.

When a Democrat takes office and stops the subsidies for the wealthy, things will change, of course, and the "capitalists" will blame the Ds. But in the meantime at the upper end of the economic scale, it's laughable to call investments with losses underwritten by the government "capitalism".

Arf

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