Tuesday, September 30, 2008

The Donald isn't in a Panic

My thanks to DJ MCGuire for this.

So you think the bailout failure is the end of all things? Are you subsumed by the fever of the panic? Are you seeing the Second Great Depression on the horizon?
Well then, Donald Trump would like to talk to you (Fox News via Mountain Sage):

Oil is going to drop down to nothing . . . and there’s nothing OPEC can do about it . . .
Every time they talk bailout, and every time it looks like it’s going to happen, oil goes up! Way up! It takes the juice out of whatever they’re doing!
. . .
Oil is going to drop and ultimately that’s going to lead to a very strong economy.

When Neil Cavuto then asked “the Donald” what else will happen if the status quo (no bailout) is maintained (emphasis added) . . .

I think it’s going to be a very interesting period of time and people with cash are going to make good deals and lots of interesting things are going to happen.
. . .
I would say this: people with cash will make very good deals and they won’t need the government. I think we’ll survive very nicely without it.

He then finishes by giving bailout opponents hope that, indeed, will we be spared this monstrosity: . . .

it seems hard to believe that it will be approved, knowing that oil is going to tank if it’s not.

It seems he agrees with Warren Buffet...time to buy!!!

No comments: