Green Options » Steny Hoyer http://greenoptions.com/tag/steny-hoyer Posts tagged 'Steny Hoyer' Mon, 29 Sep 2008 22:30:17 +0000 http://wordpress.org/?v=2.5.1 en Bailout Rejected: Will Free Market Economics Sustain Us After All? http://inspiredeconomist.com/2008/09/29/bailout-rejected-will-free-market-economics-sustain-us-after-all/ http://inspiredeconomist.com/2008/09/29/bailout-rejected-will-free-market-economics-sustain-us-after-all/#comments Mon, 29 Sep 2008 22:30:17 +0000 Reenita Malhotra http://inspiredeconomist.com/2008/09/29/bailout-rejected-will-free-market-economics-sustain-us-after-all/ House of CardsIt’s official, according to the New York Times, the bailout proposition has been rejected by the House of Representatives. The Dow Jones just plunged more than 700 points and America is standing up for itself as the bastion of free market economics!

According to today’s New York Times, “supporters of the bailout proposal had argued that it was necessary to avoid a collapse of the economic system, a calamity that would drag down not just Wall Street investment houses but possibly the savings and portfolios of millions of Americans. Opponents said the bill was cobbled together in too much haste and might amount to throwing good money from taxpayers after bad investments from Wall Street gamblers.”

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