Chapter 1633: 1633
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In fact, at the hearing, the members of the parliament criticized "angrily" and "mercilessly". It's 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.
Only through constant questioning and questioning can legislators help the legislature uncover the problem, so senators' problems must be pricked. But, obviously, Andy Smith won the game.
After three hours of hearing in the morning, what is the state of mind of the nine financial giants? It's not good to say, but Andy did "earn enough" image points during this period.
At this time, in the Oval Office of the White House, aoguanhai still has no image of putting his feet on the desk. In the rest area not far away, his cabinet and staff sit or stand, watching Andy Smith surrounded by various long guns and short guns after the hearing on TV.
"It is clear that he prepared for this testimony." "You can see it in the way he answers questions and in the way he looks," said aoguanhai's PR consultant. His tone was firm and confident. His tone was calm, not flustered. If he looks a little nervous, people may doubt his sincerity and authenticity. "
“。。。 What do you think of their bleak outlook for the U.S. economy, with greater difficulties in everything from credit cards to home loans? " Aoguanhai doesn't care if Andy is ready. Although he has almost split with Wall Street, he knows better than anyone that this hearing can't threaten the nine financial giants.
As a member of aoguanhai think tank, Geithner, the new finance minister, just showed a trace of disapproval on his face. When he wanted to say something, Andy Smith, surrounded by reporters and unable to move forward, stood in the corridor of the Capitol building and was helpless to accept the interview.
“。。。 Worse times have yet to come. Stocks can give investors a return in the future, although the stock market is not clear at present.
I can't tell you whether the market is up, down or parallel, just whether the economy is bottoming out. If we implement the fiscal stimulus policy, the US economy may start to recover in the second half of the year. "
Andy shakes his head and laughs. He answers a question about the stock market that a reporter has been asking. He has no choice but to do so. He has been regarded as the "new God of stocks" by many people since he has never been disadvantaged in the financial market. Whenever a reporter comes to ask about the direction of the stock market, he is annoyed.
"Mr. Smith, the market had expected Geithner to have a 'perfect' solution," but the reality shows that the government itself doesn't seem to know what to do.
Just released a package of financial stability plan, Geithner also admitted that he has no bottom. Even admitting that the program will be expensive, risky and take time to work. What do you think? "
Andy took a look at the reporter who interviewed and asked questions, smiled back, and said with a serious expression: "the biggest risk now is that the market's negative response to the new rescue plan may hinder the smooth development of the financial rescue operation. Geithner may face the same problem as his predecessor Paulson, that is, to constantly adapt to the market pressure to change the rescue plan Original intention.
In fact, the plan has well identified the main problems and formulated the general principles to deal with them, but the market is disappointed by the lack of details of the plan.
I think this financial stability plan may be just a "temporary plan" like Paulson's rescue plan.
The stimulus package adopted by the US government has played a positive role in restoring confidence. But the bad real economy is not something that a single document can solve. "
As the beneficiaries of the US financial rescue plan, Andy is naturally impossible to dismantle the Taiwan, not only can not do so, but also help them.
"Although some policies are questioned, they are good for confidence building and market recovery. For the U.S. stock market, it's better to have a rescue policy than not. It's just a matter of effect. "
"Many economists believe that the U.S. rescue plan seems to repeat the mistakes of the 1990s. They believe that the U.S. rescue plan lacks enough courage, especially according to the scale of the banking system crisis the U.S. government is facing.
Some us think tank experts also believe that the US government should improve the level of rescue and nationalize banks. Mr. Smith, what do you think of the nationalization of banks? "
When the reporter of the Washington Post asked this question, all the reporters in the room stared and waited for Andy Smith's answer. You know, at the previous hearing, he showed a strong antipathy to nationalization, even criticizing the communalism of members.
The United States is a free market economy country. The way of public-private partnership makes Americans naturally dislike it. People are more interested in tax reduction and tax cutting. After the previous rescue policy, people have begun to take a cautious attitude towards the government's policy.
Andy stands in the middle of the crowd, watching the reporters on the third floor and the third floor around him, as well as some members of the Capitol building. All the people attending the hearing are quiet and waiting to hear. There are only camera shutter sound and flashing lights in the corridor.There is no doubt that Andy is definitely against nationalization, which undoubtedly destroys the free market economy, because individual companies can never compete with state monopoly companies, 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 operation to a historic turning point, and that the United States is indeed on the way to" nationalization. " Andy frowned and pondered for a moment, then looked at the front with great sharpness in his eyes, and said without hesitation.
"Before the deepening of the financial crisis in September last year, the U.S. government had always believed that it should not intervene in market operations to avoid moral hazard and other problems. Now, the financial crisis provides opportunities...
In fact, for the enterprises deeply affected by the crisis, "nationalization" is better than bankruptcy liquidation, but for the economic development after the crisis, how to make "nationalized" enterprises re privatize in the future will become a huge problem. "
In the corridor of the whole Capitol building, though full of people at this time, there was no sound. We attached great importance to Andy Smith's "insights". After all, Andy was undoubtedly one of the best spokesmen for the "American dream and wealth creation myth".
"When the U.S. economy is 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 made the U.S. sink deeper in the mire..."
According to the training of the expert team, Andy slowed down his speaking speed and clearly said his words that caused the crowd to stir, and showed his amazement on his face. After a long pause, each audience followed up and continued: "this economic logic sounds incredible, but it is the fact we have to face. Don't think about making the U.S. government the last savior again.
The fact is that if the U.S. economy can get out of the recession, it can only rely on the expansion of production, technological progress and scientific management brought by healthy private enterprises, which is also the fundamental reason for the continued prosperity of the U.S. economy.
The only function of the "New Deal" is to turn a short recession into a 10-year depression, and finally end the economic crisis at the cost of countless lives. The "New Deal" that people are looking forward to will not lead the United States to the road of recovery, but a more serious depression...
When the glory of that year lingers on some people's heads, it has to be worrying. Only by not repeating the mistakes of that year, can American freedom and wealth avoid being robbed again! "
Andy's point of view is not new. In fact, since Roosevelt came into power, all policies of the new deal have been questioned and criticized. Many data and facts show that there are many problems in a series of policy measures such as the new deal. It is also generally believed that the new deal did not overcome the great crisis, on the contrary, it prolonged the crisis.
However, to say these words at this time is undoubtedly to pour a basin of cold water on the heads of the American people who want to be Roosevelt and Lincoln's Olympic viewing sea and look forward to the Savior.
The reason why Andy said this at this time is not very kind. If the U.S. government continues to expand the scope of the bank rescue plan, it will undoubtedly affect the pace of his Yingtai bank's continued annexation and expansion. The big fish in the free market eating small fish is his favorite. God belongs to the Emperor, Caesar belongs to Caesar!
Of course, it's not Andy who 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 evils can be the reasons for decision-making.
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In fact, at the hearing, the members of the parliament criticized "angrily" and "mercilessly". It's 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.
Only through constant questioning and questioning can legislators help the legislature uncover the problem, so senators' problems must be pricked. But, obviously, Andy Smith won the game.
After three hours of hearing in the morning, what is the state of mind of the nine financial giants? It's not good to say, but Andy did "earn enough" image points during this period.
At this time, in the Oval Office of the White House, aoguanhai still has no image of putting his feet on the desk. In the rest area not far away, his cabinet and staff sit or stand, watching Andy Smith surrounded by various long guns and short guns after the hearing on TV.
"It is clear that he prepared for this testimony." "You can see it in the way he answers questions and in the way he looks," said aoguanhai's PR consultant. His tone was firm and confident. His tone was calm, not flustered. If he looks a little nervous, people may doubt his sincerity and authenticity. "
“。。。 What do you think of their bleak outlook for the U.S. economy, with greater difficulties in everything from credit cards to home loans? " Aoguanhai doesn't care if Andy is ready. Although he has almost split with Wall Street, he knows better than anyone that this hearing can't threaten the nine financial giants.
As a member of aoguanhai think tank, Geithner, the new finance minister, just showed a trace of disapproval on his face. When he wanted to say something, Andy Smith, surrounded by reporters and unable to move forward, stood in the corridor of the Capitol building and was helpless to accept the interview.
“。。。 Worse times have yet to come. Stocks can give investors a return in the future, although the stock market is not clear at present.
I can't tell you whether the market is up, down or parallel, just whether the economy is bottoming out. If we implement the fiscal stimulus policy, the US economy may start to recover in the second half of the year. "
Andy shakes his head and laughs. He answers a question about the stock market that a reporter has been asking. He has no choice but to do so. He has been regarded as the "new God of stocks" by many people since he has never been disadvantaged in the financial market. Whenever a reporter comes to ask about the direction of the stock market, he is annoyed.
"Mr. Smith, the market had expected Geithner to have a 'perfect' solution," but the reality shows that the government itself doesn't seem to know what to do.
Just released a package of financial stability plan, Geithner also admitted that he has no bottom. Even admitting that the program will be expensive, risky and take time to work. What do you think? "
Andy took a look at the reporter who interviewed and asked questions, smiled back, and said with a serious expression: "the biggest risk now is that the market's negative response to the new rescue plan may hinder the smooth development of the financial rescue operation. Geithner may face the same problem as his predecessor Paulson, that is, to constantly adapt to the market pressure to change the rescue plan Original intention.
In fact, the plan has well identified the main problems and formulated the general principles to deal with them, but the market is disappointed by the lack of details of the plan.
I think this financial stability plan may be just a "temporary plan" like Paulson's rescue plan.
The stimulus package adopted by the US government has played a positive role in restoring confidence. But the bad real economy is not something that a single document can solve. "
As the beneficiaries of the US financial rescue plan, Andy is naturally impossible to dismantle the Taiwan, not only can not do so, but also help them.
"Although some policies are questioned, they are good for confidence building and market recovery. For the U.S. stock market, it's better to have a rescue policy than not. It's just a matter of effect. "
"Many economists believe that the U.S. rescue plan seems to repeat the mistakes of the 1990s. They believe that the U.S. rescue plan lacks enough courage, especially according to the scale of the banking system crisis the U.S. government is facing.
Some us think tank experts also believe that the US government should improve the level of rescue and nationalize banks. Mr. Smith, what do you think of the nationalization of banks? "
When the reporter of the Washington Post asked this question, all the reporters in the room stared and waited for Andy Smith's answer. You know, at the previous hearing, he showed a strong antipathy to nationalization, even criticizing the communalism of members.
The United States is a free market economy country. The way of public-private partnership makes Americans naturally dislike it. People are more interested in tax reduction and tax cutting. After the previous rescue policy, people have begun to take a cautious attitude towards the government's policy.
Andy stands in the middle of the crowd, watching the reporters on the third floor and the third floor around him, as well as some members of the Capitol building. All the people attending the hearing are quiet and waiting to hear. There are only camera shutter sound and flashing lights in the corridor.There is no doubt that Andy is definitely against nationalization, which undoubtedly destroys the free market economy, because individual companies can never compete with state monopoly companies, 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 operation to a historic turning point, and that the United States is indeed on the way to" nationalization. " Andy frowned and pondered for a moment, then looked at the front with great sharpness in his eyes, and said without hesitation.
"Before the deepening of the financial crisis in September last year, the U.S. government had always believed that it should not intervene in market operations to avoid moral hazard and other problems. Now, the financial crisis provides opportunities...
In fact, for the enterprises deeply affected by the crisis, "nationalization" is better than bankruptcy liquidation, but for the economic development after the crisis, how to make "nationalized" enterprises re privatize in the future will become a huge problem. "
In the corridor of the whole Capitol building, though full of people at this time, there was no sound. We attached great importance to Andy Smith's "insights". After all, Andy was undoubtedly one of the best spokesmen for the "American dream and wealth creation myth".
"When the U.S. economy is 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 made the U.S. sink deeper in the mire..."
According to the training of the expert team, Andy slowed down his speaking speed and clearly said his words that caused the crowd to stir, and showed his amazement on his face. After a long pause, each audience followed up and continued: "this economic logic sounds incredible, but it is the fact we have to face. Don't think about making the U.S. government the last savior again.
The fact is that if the U.S. economy can get out of the recession, it can only rely on the expansion of production, technological progress and scientific management brought by healthy private enterprises, which is also the fundamental reason for the continued prosperity of the U.S. economy.
The only function of the "New Deal" is to turn a short recession into a 10-year depression, and finally end the economic crisis at the cost of countless lives. The "New Deal" that people are looking forward to will not lead the United States to the road of recovery, but a more serious depression...
When the glory of that year lingers on some people's heads, it has to be worrying. Only by not repeating the mistakes of that year, can American freedom and wealth avoid being robbed again! "
Andy's point of view is not new. In fact, since Roosevelt came into power, all policies of the new deal have been questioned and criticized. Many data and facts show that there are many problems in a series of policy measures such as the new deal. It is also generally believed that the new deal did not overcome the great crisis, on the contrary, it prolonged the crisis.
However, to say these words at this time is undoubtedly to pour a basin of cold water on the heads of the American people who want to be Roosevelt and Lincoln's Olympic viewing sea and look forward to the Savior.
The reason why Andy said this at this time is not very kind. If the U.S. government continues to expand the scope of the bank rescue plan, it will undoubtedly affect the pace of his Yingtai bank's continued annexation and expansion. The big fish in the free market eating small fish is his favorite. God belongs to the Emperor, Caesar belongs to Caesar!
Of course, it's not Andy who 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 evils can be the reasons for decision-making.
In fact, at the hearing, the members of the parliament criticized "angrily" and "mercilessly". It's 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. Only through constant questioning and questioning can legislators help the legislature uncover the problem, so senators' problems must be pricked. But, obviously, Andy Smith won the game. After three hours of hearing in the morning, what is the state of mind of the nine financial giants? It's not good to say, but Andy did "earn enough" image points during this period. At this time, in the Oval Office of the White House, aoguanhai still has no image of putting his feet on the desk. In the rest area not far away, his cabinet and staff sit or stand, watching Andy Smith surrounded by various long guns and short guns after the hearing on TV. "It is clear that he prepared for this testimony." "You can see it in the way he answers questions and in the way he looks," said aoguanhai's PR consultant. His tone was firm and confident. His tone was calm, not flustered. If he looks a little nervous, people may doubt his sincerity and authenticity. " What do you think of their bleak outlook for the U.S. economy, with greater difficulties in everything from credit cards to home loans? " Aoguanhai doesn't care if Andy is ready. Although he has almost split with Wall Street, he knows better than anyone that this hearing can't threaten the nine financial giants. As a member of aoguanhai think tank, Geithner, the new finance minister, just showed a trace of disapproval on his face. When he wanted to say something, Andy Smith, surrounded by reporters and unable to move forward, stood in the corridor of the Capitol building and was helpless to accept the interview. Worse times have yet to come. Stocks can give investors a return in the future, although the stock market is not clear at present. I can't tell you whether the market is up, down or parallel, just whether the economy is bottoming out. If we implement the fiscal stimulus policy, the US economy may start to recover in the second half of the year. " Andy shakes his head and laughs. He answers a question about the stock market that a reporter has been asking. He has no choice but to do so. He has been regarded as the "new God of stocks" by many people since he has never been disadvantaged in the financial market. Whenever a reporter comes to ask about the direction of the stock market, he is annoyed. "Mr. Smith, the market had expected Geithner to have a 'perfect' solution," but the reality shows that the government itself doesn't seem to know what to do. Just released a package of financial stability plan, Geithner also admitted that he has no bottom. Even admitting that the program will be expensive, risky and take time to work. What do you think? " Andy took a look at the reporter who interviewed and asked questions, smiled back, and said with a serious expression: "the biggest risk now is that the market's negative response to the new rescue plan may hinder the smooth development of the financial rescue operation. Geithner may face the same problem as his predecessor Paulson, that is, to constantly adapt to the market pressure to change the rescue plan Original intention. In fact, the plan has well identified the main problems and formulated the general principles to deal with them, but the market is disappointed by the lack of details of the plan. I think this financial stability plan may be just a "temporary plan" like Paulson's rescue plan. The stimulus package adopted by the US government has played a positive role in restoring confidence. But the bad real economy is not something that a single document can solve. " As the beneficiaries of the US financial rescue plan, Andy is naturally impossible to dismantle the Taiwan, not only can not do so, but also help them. "Although some policies are questioned, they are good for confidence building and market recovery. For the U.S. stock market, it's better to have a rescue policy than not. It's just a matter of effect. " "Many economists believe that the U.S. rescue plan seems to repeat the mistakes of the 1990s. They believe that the U.S. rescue plan lacks enough courage, especially according to the scale of the banking system crisis the U.S. government is facing. Some us think tank experts also believe that the US government should improve the level of rescue and nationalize banks. Mr. Smith, what do you think of the nationalization of banks? " When the reporter of the Washington Post asked this question, all the reporters in the room stared and waited for Andy Smith's answer. You know, at the previous hearing, he showed a strong antipathy to nationalization, even criticizing the communalism of members. The United States is a free market economy country. The way of public-private partnership makes Americans naturally dislike it. People are more interested in tax reduction and tax cutting. After the previous rescue policy, people have begun to take a cautious attitude towards the government's policy. Andy stands in the middle of the crowd, watching the reporters on the third floor and the third floor around him, as well as some members of the Capitol building. All the people attending the hearing are quiet and waiting to hear. There are only camera shutter sound and flashing lights in the corridor.There is no doubt that Andy is definitely against nationalization, which undoubtedly destroys the free market economy, because individual companies can never compete with state monopoly companies, 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 operation to a historic turning point, and that the United States is indeed on the way to" nationalization. " Andy frowned and pondered for a moment, then looked at the front with great sharpness in his eyes, and said without hesitation. "Before the deepening of the financial crisis in September last year, the U.S. government had always believed that it should not intervene in market operations to avoid moral hazard and other problems. Now, the financial crisis provides opportunities... In fact, for the enterprises deeply affected by the crisis, "nationalization" is better than bankruptcy liquidation, but for the economic development after the crisis, how to make "nationalized" enterprises re privatize in the future will become a huge problem. " In the corridor of the whole Capitol building, though full of people at this time, there was no sound. We attached great importance to Andy Smith's "insights". After all, Andy was undoubtedly one of the best spokesmen for the "American dream and wealth creation myth". "When the U.S. economy is 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 made the U.S. sink deeper in the mire..." According to the training of the expert team, Andy slowed down his speaking speed and clearly said his words that caused the crowd to stir, and showed his amazement on his face. After a long pause, each audience followed up and continued: "this economic logic sounds incredible, but it is the fact we have to face. Don't think about making the U.S. government the last savior again. The fact is that if the U.S. economy can get out of the recession, it can only rely on the expansion of production, technological progress and scientific management brought by healthy private enterprises, which is also the fundamental reason for the continued prosperity of the U.S. economy. The only function of the "New Deal" is to turn a short recession into a 10-year depression, and finally end the economic crisis at the cost of countless lives. The "New Deal" that people are looking forward to will not lead the United States to the road of recovery, but a more serious depression... When the glory of that year lingers on some people's heads, it has to be worrying. Only by not repeating the mistakes of that year, can American freedom and wealth avoid being robbed again! " Andy's point of view is not new. In fact, since Roosevelt came into power, all policies of the new deal have been questioned and criticized. Many data and facts show that there are many problems in a series of policy measures such as the new deal. It is also generally believed that the new deal did not overcome the great crisis, on the contrary, it prolonged the crisis. However, to say these words at this time is undoubtedly to pour a basin of cold water on the heads of the American people who want to be Roosevelt and Lincoln's Olympic viewing sea and look forward to the Savior. The reason why Andy said this at this time is not very kind. If the U.S. government continues to expand the scope of the bank rescue plan, it will undoubtedly affect the pace of his Yingtai bank's continued annexation and expansion. The big fish in the free market eating small fish is his favorite. God belongs to the Emperor, Caesar belongs to Caesar! Of course, it's not Andy who 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 evils can be the reasons for decision-making.
