cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
I own a business that relies on functioning credit markets, so yes I'm for the plan. It pisses me off that our elected politicians are mucking this thing up because it needs to happen quickly from what I understand from Buffett's comments and others who KNOW WHAT THEY ARE TALKING ABOUT. The crazy thing is it's republicans now who are throwing a wrench into the works (Shelby from Alabama) because the original plan does not help "main street". Excuse me, but when did conservative republicans really start to worry about the common man? Insane, and I've always voted R because of the business I'm in.
I want to know how the "common man" is going to function without efficeint credit markets, and what will happen to their job if credit freezes up any worse? Do they realize that the company they work for probably uses the credit markets to fund ongoing operations to some extent? Inventories? Lines of credit? How many businesses are there that use no leverage at all? Not many. What about retail businesses like mine who rely on credit so the regular Joe can afford big ticket items? Lots of people work for retail based busiensses if I'm not mistaken.
I want to know how the "common man" is going to function without efficeint credit markets, and what will happen to their job if credit freezes up any worse? Do they realize that the company they work for probably uses the credit markets to fund ongoing operations to some extent? Inventories? Lines of credit? How many businesses are there that use no leverage at all? Not many. What about retail businesses like mine who rely on credit so the regular Joe can afford big ticket items? Lots of people work for retail based busiensses if I'm not mistaken.