Quote:
Originally Posted by Spudhauler
Airline stocks are up because Kudlow suggested there might be a stimulus package coming.
Valid point. Still admire the spirit of entrepreneurship and risk/reward. Wish the private and public sector shared that same pluck. Airline stocks are a great buy right now. "Buy when there's blood on the streets, even if it's your own".
Good to know uncle sugar is back to debt spending to bail out their mistakes with private industries. Print more dough. $21Trillion and counting. Would be great if they could stop reacting/panicking and focus on proactively doing the job they're supposed to do. Not Monday morning QB but by all accounts the CDC was stunningly flat footed and late on this.
Reminds me of the last bailout cuz of criminally failed oversight. Too big to fail excuse, AIG, Bear Stearns,...HHS, Fannie Mae (housing loan default credit crisis) , SEC (Bernie Madoff), DHS (napolitano; shoe bomber "system worked"??) FAA/DOD (911 embarrassing botched communications, response, Max cert), CDC, FBI (FISA, Comey) ATF (fast and furious), DOJ, FDA, DOT, etc. Oh, and the congress, senate, White House that oversee the mess. Honestly can't remember the last time the gummint actually did something right. Clearly not a fan of bigger government.
Sorry for the rant. Not looking for a political debate, just tired of paying (borrowing) into ruinous debt for reactionary, criminally flawed responses to non-existent hyped up 'crises'. $8.5B to deal with the flu? Where was the CDC spending our tax dollars back in Dec?
What's the next crisis/bailout?
Sincerely,
"Fed" up.