American Fortune Life

In fact, during the hearings, parliamentarians made "angry” and “heartless” criticisms with remarkable sharpness. Not surprisingly, in the United States, hearings that do not involve State secrets must be made public through the media, such as radio and television.

Parliamentarians can help the legislature to reveal the problem by constantly questioning and questioning it, so the Senator's problem must be stamped with a medium pain. But, obviously, Andy Smith won the game.

After three hours of “ravaging” hearings, what is the mindset of the top nine financial giants now? I don't know, but Andy did “earn” an image score during this period.

At this time, in the Oval Office of the White House, Augustine still had a very unimaginable foot on the desk, not far away in the sitting area, his cabinet and staff or sat or stood, watching the television after the hearing, surrounded by various long guns and short guns.

“Obviously, he was prepared to testify this time.” You can tell by the way he answers the questions and his demeanor, "said the PR team advisor at Aoguanhai. His tone was firm and confident. His tone was calm and he didn't panic. If he seemed a little nervous, people might doubt his sincerity and authenticity. ”

“ How do you see the bleak prospects they portray for the US economy, where all areas, from credit cards to home loans, will face even more difficult problems? ”O'Guanhai doesn't care if Andy is ready, although he's almost broken with Wall Street, but he knows better than anyone that this hearing could not threaten these nine financial giants.

As a member of the Olympic Think Tank, the new treasurer Gaithner just showed a glimmer of disbelief on his face. When he wanted to say something, Andy Smith, surrounded by journalists, stood in the hallway of the Capitol building and was helpless to receive an interview.

“ Worse times are yet to come. Stocks can reward investors in the future, although the stock market is currently unclear.

I can't tell you if the market is up, down or parallel, just if the economy is bottomless. If a fiscal stimulus policy were implemented at the speed of communication, the United States economy might begin to recover in the second half of the year. ”

Andy shook his head slightly and answered the stock market question that a reporter had been asking. He was also helpless. Since he was unfavourable in the financial market, he has been hailed as a ‘new stock god' by many people. At all times, journalists will come up to inquire about the stock market and annoy him.

“Mr. Smith, the expectation before the market was that Gaithner already had a ‘perfect’ solution," but reality suggests that the government itself does not seem to know exactly what to do.

A financial stabilization package has just been announced, and Gaitner has confessed that he has no bottom line. It was even acknowledged that the programme would be costly, risky and would take time to be effective. What do you think? ”

Andy glanced at the interviewed reporter, smiled, and silenced seriously before saying: "The biggest risk now is that the market's negative response to the new rescue program could hinder the smooth running of the financial rescue operation, and Gaithner could face the same difficulty as his predecessor Paulson, constantly responding to market pressures to change the original intent of the rescue program.

In fact, the plan had identified the main problems well and had developed general principles of response, but the market had been greatly disappointed by the lack of detail in its programmes.

I think that this financial stabilization plan, like Paulson's rescue plan, is probably just a “temporary solution”.

The economic stimulus programme adopted by the United States Government was a positive boost to restoring confidence. But the poor real economy cannot be solved by a simple paper instrument. ”

As a beneficiary of the United States Financial Rescue Program, Andy is naturally unlikely to be able to dismantle the stage, not only without helping them.

“While some policies have been questioned, it is good for confidence-building and market warming. For the US stock market, the rescue policy is better than nothing, it's just a matter of magnitude. ”

“Many pedestrian economists believe that the American bailout plan appears to repeat the bailout in the 1990s, and that the American bailout programme lacks sufficient courage, especially in the light of the scale of the banking system crisis facing the United States Government.

Some United States think-tank experts also believe that the United States Government should increase the level of relief and nationalize banks. Mr. Smith, what do you think of the nationalization of banks? ”

When the Washington Post reporter asked the question, all the journalists present looked up and waited for Andy Smith's answer, knowing that at the previous hearing he had shown strong opposition to nationalization, despite accusations of Congressman's communism.

The United States is a free market economy with a public-private partnership that is naturally repugnant to Americans. People are more interested in tax cuts and tax cuts. After experiencing previous rescue policies, people have begun to be cautious about government policies.

Andy stood in the middle of the crowd, watching the journalists surrounding him on the third and third floors, as well as some of the Congressional Building staff, and the audience attending the hearings looked silent and eagerly awaited, with only camera shutters and flash lights flashing from time to time throughout the hallway.

Andy was undoubtedly opposed to nationalization, which undoubtedly undermined the free market economy, since individual companies could never be counterbalanced by State monopolies, and the elimination of individual companies and annexation would become only a matter of time.

“Indeed, the financial crisis has shifted from a collapse in the normal functioning of the market to a historic turnaround, and the United States is indeed on the path of“ nationalization ”.” Andy frowned for a moment, and his eyes looked sharply ahead and said without a shrug.

“Prior to the deepening of the financial crisis last September, the United States Government had been of the view that it should not be involved in market operations in order to avoid causing ethical risks, and now the financial crisis offers an opportunity.

In fact, “nationalization” is more beneficial for enterprises that have been deeply affected by the crisis than bankruptcy settlement, but how to re-privatize "nationalized” enterprises in the future for economic development after the crisis will be a huge challenge. ”

Throughout the hallway of the Capitol, crowded but silent, Andy Smith's ‘insights’ are valued. After all, Andy is undoubtedly one of the best advocates of the American Dream Creation Myth.

“When the United States economy was at the edge of the cliff, we had to realize that it was not Roosevelt's“ New Deal ”that pulled the United States economy out of the valley, but the" New Deal ”that drove the United States deeper into the mud. ”

Andy slowed himself down and articulated himself as he had been trained by the team of experts, showing stunned speech, a long pause, followed by each listener, and continued: “This economic logic sounds incredible, but it's a fact that we have to face. Don't think about making the United States government the last savior again.

And the fact is that if the United States economy is to emerge from the recession, it can only rely on the expansion of production, technological advances and the management of science brought about by healthy private enterprises, which are the root causes of the continued prosperity of the United States economy.

The only role of the New Deal is to transform a brief recession into a decade-long depression, culminating in an end to the economic crisis at the expense of the lives of countless people. Today's much-anticipated "New Deal” will not take the United States to the path of recovery, but rather a worse depression...

When the glorious aura of the year haunted the heads of some, it had to be worrisome, and only if the mistakes of the year were not repeated could the freedom and wealth of the United States not be looted again! ”

Andy's throwing out of view is not new, in fact, the policies of the New Deal have been challenged and criticized since Roosevelt's reign. Modern economists' research into the economic crisis and the Roosevelt New Deal shows that there are many problems with a range of policy measures, such as the New Deal. It was also widely felt that the new deal had not overcome the great crisis; on the contrary, it had prolonged it.

However, saying these words at this time undoubtedly pours a pot of cool water on the heads of Americans who are eager to be Roosevelt and Lincoln's Olympic Ocean and look forward to the Savior.

And Andy was not so kind to say this at this time. If the U.S. government continues to expand the scope of the bank rescue program, it will undoubtedly affect his footsteps towards the continued annexation and expansion of Intake Bank. The big fish on the free market eat the little fish, which is his favorite. God belongs to God, Caesar belongs to Caesar!

Of course, it's not that Andy wants to question one of the greatest presidents in the American people, Roosevelt. After all, there's no perfect policy in the world, and in an emergency, the benefits outweigh the disadvantages, and even the two harm choices can justify decision-making.