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In the Headlights of Depression II: We are that close to real disaster. Why the $700B bill is good for the country. WildPhotons: The entrance to hell

Posted on: 04-Oct-2008

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Summary

As a citizen of the Global Technology Community, never was it more embarrassing to be an American than on Monday when Congress voted down the $700B rescue bill in a decision that would cost the country $1.2T by the end of the day and more for people around the world, as global markets fell. In the aftermath, a finger-pointing-fest ensued where even the President joined in. Congressional members refused to take responsibility for rescuing the country, leaving to celebrate . . . celebrate . . . the holiday, the Feast of Trumpets. While they feasted, America burned. Now I really don’t care what holiday they were celebrating. It was simply inappropriate to leave their posts in a time of crisis. They may have thought it was behind them by voting it down, but America didn’t . . . The issues are potentially very dangerous at the microeconomic level, as companies rely on bank lines-of-credit. Banks are getting very nit-picky . . .

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About weQuest:
weQuest's are written by G Dan Hutcheson, his career spans more than thirty years, in which he became a well-known as a visionary for helping companies make businesses out of technology. This includes hundreds of successful programs involving product development, positioning, and launch in Semiconductor, Technology, Medicine, Energy, Business, High Tech, Enviorntment, Electronics, healthcare and Business devisions.

Short URL: https://www.wesrch.com/energy/weqTR1YUC0

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