Hmmm....

[bigmacbear]

While for the most part I have to discount conspiracy theories of all stripes as irrational, there's a little part of my brain that is drawn to them like a moth to a porch light. And so I wonder whether the folks behind Paulson and Bernanke making the request for the bailout pulled the right strings in the stock market on Monday to manufacture that big drop in the Dow, scaring the beJesus out of Congress and the American public alike, in order to get the bailout passed. Hmmm...

On a happier and more amusing front, I was talking with Mom the other day about my brother-in-law's job at GE Aircraft Engine and whether the Boeing strike had had any effect on it. She said no, he's actually busier than ever. I wondered aloud if perhaps Bombardier might be taking up some of the slack in production, pronouncing it "bom-ba-deer" as is common English pronunciation. This got gmjambear chuckling, as because Bombardier is based in Quebec, its name is properly pronounced in French, as "bom-bar-dee-yay".

Comments

[kevynjacobs.livejournal.com]

> And so I wonder whether the folks behind Paulson and Bernanke making the request for the bailout pulled the right strings in the stock market on Monday to manufacture that big drop in the Dow

I suppose it's possible, and Bush was sure stoking the fear factor during the time between the House's "No" vote and the Senate's "Yes" vote.

I just can't shake the feeling that the bailout/"rescue plan" (depending how you spin it) was a Faustian bargain for the taxpayers, and was simply the wrong thing to do.

[ciddyguy.livejournal.com]

Your theory, possible, but I think rather unlikely. I do think something had to happen to keep things from sliding even worse, no, not a fear thing at all, but rather a common sense thought of do nothing and things could get extremely worse, or at least choke it off to stem the bloodshed until a longer term solution is found.

That said, depending on how it's drafted, the short term solution may help or hurt things and this one, I just don't know and I have not heard whether the Senate passed this thing on Friday.

Knowing Bush and Co, anything is potentially possible.