"I know Americans are concerned about the adjustments that are taking place in our financial markets," said Bush, speaking in the White House Rose Garden. "We are working to reduce disruptions and minimize the impact on the [broader economy]."
Bush didn't offer much detail as the Dow plunged more than 200 points and the finance industry suffered one of its worst crises ever, stemming from its investments in the battered real estate sector.
"In the short run, adjustments in the financial markets can be painful, for people worried about their investments, and for employees of the firms," said Bush. -http://www.nytimes.com/ref/us/polls_index.html
I dont really see how bush is planning on reducing disruptions and minimizing the impact on the broader economy. he never really said how in this article. But i do see his view of how in the long run things will be fixed but for right now it will be painful. In class we discussed how bush believed we should just wait it out for the solution to this problem i dont really see it in this article as an obvious statement but the fact that he says it will hurt in the short run for right now i think its safe to say he thinks we should wait.
i agree, because people have turned the stocks into a gambling kind of deal, you never know if your stock is going to go up or down you can have prior knowledge but who knows for sure? just like in craps there may be a 9% chance of you getting a 7 you never know but because you know basically you have almost a 10% chance of getting a 7 you just might play.
I think yes its a shame people are effected but come on now they knew what the stock was all about so they must pay the consequences yes they might have lost but they didn't care when theyre stocks where doing good but others weren't im sure. i think this is a time when i have to agree with federalist bush and it makes me realize i am neither federalist or anti-federalist im more of a kind of sometimes federalist. like an independent. but i don't think bush cares about the people i think he only cares about how it will effect ALL of America. So he will most likely change anything that will effect ALL of america or put little bandages on those but as far as the entire situation and the people getting there money back. noway i dont care what kind of business they were leading just because they where in the top of the pyramid by being ceos and running business, this doesn't change anything. and it makes me wonder, hmmm if this was a whole bunch of stocks poor people owned would it be such a big deal? i bet not i bet i wouldnt even know about it i bet the lower middle class citizens that own shares probably loose money all the time but its never anything anybody cares about because there name isnt "john edward brookes" or some prestigious Harvard graduate.
im so confused about this and i have no clue where the president is going to go with this, but i say just stick it out. because it is bound to happen again stop it now before it gets out of hand and spreads like a virus.
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