09-29-2008, 01:06 PM
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#10
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Hall of Fame Poster
Join Date: Aug 2006
Location: Boston
Posts: 25,140
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Re: The "Bailout" will pass:
Quote:
Originally Posted by BelichickFan
Maybe the hype is overblown - I'm not saying it's not. What I am saying, though, is opinion polls are useless as those giving the opinion have no clue about macro economics. It's like Belichick calling plays based on a Gillette Stadium vote; the people think they know but they don't.
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I agree with your reasoning 100%. A poll is useless if people don't fully understand what the issue is. If what I've been reading is correct, then a failure to pass some for of legislation that provides some cash to the banking system, then a run could occur. If that happens, then we could be in some very serious trouble. The ramifications of multiple bank failures, could be catostrophic. Let's hope the dangers have been overblown.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897
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