Reply #12: Yes it could [View All]

[nadinbrzezinski]

nobody is saying it could not

Problem is that all I see round these parts is just complaining

That said, it could ALSO buy enough time to stabilize the markets and GET A CONGRESS that will pass the kind of PROGRESSIVE legislation that is needed.

Best case, it will return liquidity to the markets, and trust... (two of the drivers of the great depression) and give folks the breathing room necessary to get their thinking caps and the kind of legislation needed

Worst case... won't do a thing... and perhaps worsen it

The middle... will remain mostly status quo ante bill

In reality, like most in life, it will be somewhere in the middle.... it will do some good, but NOT exactly what they expect

THIS IS WHY this is the FIRST piece of legislation needed... see Great Depression and legislation... did not come out of Zeus head overnight... but the core of the critical legislation took two years.