American Fortune Life
Chapter 1633: God to God, Caesar to Caesar!
Chapter 1632: Punch DC Home for the Elderly, Kick Cong Next »
Chapter 1634: Sorry, I'm really careless!
In fact, at the hearing, members of the parliament used extremely sharp “anger” and “relentless” criticism. Not surprising, because in the United States, hearings that do not involve state secrets must be made public through media such as radio and television.
Lawmakers can help the legislature to expose the problem by constantly questioning and asking questions, so the questions of the senators must be pained. But, obviously, Andy Smith won the game.
After a three-hour hearing in the morning, what is the mentality of the nine financial giants? Say no, but Andy did "earn enough" image points during this period.
At this time, in the Oval Office of the White House, Au Guanhai still had no image of his feet on his desk, in the rest area not far away, his cabinet and staff were sitting or standing, watching the TV after the hearing was over. Andy Smith surrounded by various spears and cannons.
"Obviously, he prepared for this testimony," said Aoguanhai's public relations team consultant. "You can tell from the way he answers questions and his expression. His tone is firm and confident. His tone is very strong. Calm, without panic. If he looks a little nervous, people may doubt his sincerity and authenticity. "
"... How do you think of the bleak outlook they portrayed for the U.S. economy, and everything from credit cards to home loans will face greater difficulties?" Austrian Guanhai didn't care if Andy was prepared, although it was almost the same as Wall Street broke, but he knew better than anyone that the hearing would not threaten the nine financial giants.
As the member of the Austrian Think Tank, the new Treasury Secretary Geithner just showed a slight disapproval on his face. When he wanted to say something, in the TV picture, Andy Smith, who was surrounded by reporters and could not move forward, stood in the corridor of the Capitol. Here, helplessly accepted an interview.
"... A worse time has not yet come. Stocks can give investors returns in the future, although the stock market is currently unclear.
I can't tell you whether the market is up, down or parallel, I just know if the economy has bottomed out. If the fiscal stimulus is implemented quickly, the US economy may begin to recover in the second half of the year. "
Andy slightly shook his head and laughed, answering a stock market question that a reporter has been asking. He was also helpless. Since he was unfavorable in the financial market, he has been regarded as a "new stock god" by many people. The reporter ran up and asked about the direction of the stock market, which annoyed him.
"Mr. Smith, the market had expected that Geithner already had a 'perfect' solution," but reality shows that the government itself does not seem to know what to do.
He just announced a package of financial stability plans, and Geithner admits that he has no bottom. It is even acknowledged that this scheme will be costly, risky and take time to pay off. What do you think? "
Andy glanced at the reporter who asked the question, converged with a smile, and groaned earnestly before he said, "The biggest risk now is that the market's negative response to the new rescue plan may hinder the smooth launch of financial rescue operations. Turner may face the same problem as his predecessor, Paulson, in changing the original intention of the rescue plan in response to market pressures.
In fact, the plan has identified the main problems well and formulated the general principles of the response, but the market is disappointed by its lack of details.
I think this financial stability plan may be just a "provisional plan" like Paulson's rescue plan.
The economic stimulus package adopted by the US government has boosted confidence restoration, which is worthy of recognition. But the badness of the real economy cannot be solved by a simple paper instrument. "
As a beneficiary of the US financial rescue plan, Andy is naturally impossible to demolish Taiwan. Not only can they not help but also help them.
"Although some policies have been questioned, it is a good thing for confidence building and market recovery. For the US stock market, it is better to have a market rescue policy than nothing, it is just a matter of effect."
"Many economists believe that the US bailout plan seems to be repeating the same as the footbath bailout in the 1990s, and that the US bailout plan lacks sufficient courage, especially based on the scale of the banking system crisis the US government is facing.
Some US think tank experts also believe that the US government should increase bailout levels and nationalize banks. Mr. Smith, what do you think of the nationalization of banks? "
When a reporter from the Washington Post raised this question, the reporters present all stared, waiting for the answer from Andy Smith. You know, at the previous hearing, he showed a strong aversion to nationalization. Blaming MPs for communism.
The United States is a free market economy country. Public-private partnerships are naturally offensive to Americans. People are more interested in tax cuts and tax cuts. After experiencing previous market rescue policies, people have begun to face government policies with caution.
Andy stood in the middle of the crowd, looking at the reporters who surrounded him on the inside and the outside, and some staff members of the Capitol. The people from all walks of life who attended the hearing were quietly waiting to be heard. Only the sound of the camera shutter and the flash flashing from time to time.
Needless to say, Andy is definitely opposed to nationalization. This will undoubtedly undermine the free market economy, because individual companies can never compete with state monopolies, and it will only be a matter of time before individual companies are eliminated and annexed.
"It's true that the financial crisis has changed from a collapse of normal market operations to a historic turning point, and the United States is indeed moving towards the path of" nationalization. "Andy frowned for a moment, staring intently at the front. , Said without hesitation.
"Before the deepening of the financial crisis in September last year, the US government had always believed that it should not be involved in market operations to avoid causing problems such as moral hazard. Now, the financial crisis has provided opportunities ...
In fact, for enterprises deeply affected by the crisis, "nationalization" is better than bankruptcy, but for economic development after the crisis, how to re-privatize "nationalized" enterprises in the future will become a huge Puzzle. "
In the hallway of the entire Capitol building, although it was overcrowded at this time, it was silent, and attached great importance to Andy Smith's "sense of insight". After all, Andy is undoubtedly one of the best endorsements of the "American Dream Myth".
"When the U.S. economy was on the edge of a cliff, we must realize that it was not Roosevelt's" New Deal "that pulled the U.S. economy out of the bottom, but it was the" New Deal "that deepened the United States in the quagmire ..."
According to the training of the expert team, Andy slowed down his speech and clearly stated that he had caused the crowd to commotion, and showed shocking words. After a long pause, each listener followed and continued, "This This economic logic sounds incredible, but it is a fact we have to face. Don't think about making the US government the last savior again.
The fact is that if the US economy can come out of the recession, it can only rely on the production expansion, technological progress and scientific management brought by healthy private companies, which is also the fundamental reason for the continued prosperity of the US economy.
The sole purpose of the "New Deal" is to turn a brief recession into a 10-year depression, and ultimately to end this economic crisis at the cost of countless lives. The much-anticipated "New Deal" will not bring the United States on the road to recovery, but a more severe depression. . .
When the halo of incomparable glory lingered on some people's heads, this had to be worrying. Only by not repeating the mistakes of that year can American freedom and wealth be prevented from being looted again! "
The views thrown by Andy are not new. In fact, since Roosevelt took office, the policies of the New Deal have been questioned and attacked. Modern economists' research on the Great Economic Crisis and Roosevelt's New Deal, many data and facts show that there are many problems in a series of policies and measures such as the New Deal. It is also widely believed that the New Deal did not overcome the major crisis. Instead, it prolonged the crisis.
However, at this time, these words are undoubtedly a pouring of cold water on the heads of the American people who want to do Roosevelt and Lincoln's Olympian Sea and look forward to the Savior.
Andy was not so kind in saying this at this time. If the US government continues to expand the scope of the bank rescue plan, it will undoubtedly affect his pace of annexation and expansion by Yingtai Bank. It ’s his favorite to eat small fish. God ’s return to God, Caesar ’s return to Caesar!
Of course, it's not that Andy wants to question Roosevelt, one of the greatest presidents in the hearts of the American people. After all, there is no perfect policy in the world. In an emergency, the advantages outweigh the disadvantages, and even the two harms can be ignored. Be the reason for a decision.