09-27-2008, 11:19 PM
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#5
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B.O. = Fugazi
Join Date: Sep 2004
Posts: 30,552
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Re: "We shouldn't be rushed into this!"
Quote:
Originally Posted by Wildo7
This is just way too important to rush in provisions that allow one guy ultimate power with no oversight. I'd rather the stock market suffer a little for the short term if it means we aren't stuck with a bunch of pork and no genuine reform.
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I'm not going to pretend that I know what would happen if talks break down. But from what I've read there's a lot more risk than "the stock market suffer a little". Predictions ranging from a 50% stock market drop to no cash in many ATMs to a virtual stop of credit for everything (home loans, car loans, business loans).
I don't actually need any of those things right now and a stock market crash would be a great buying opportunity for me (I'm 41 so I have about 20 years before I'd need it) but some of the talk scares me for the country.
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