Chapter 1633 Give God What Belongs to God, and What Belongs to Caesar to Caesar!

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In fact, at the hearing, the congressmen used extremely sharp criticisms of "angry" and "merciless". It is not surprising, because in the United States, if the hearing does not involve state secrets, it must be made public through media such as radio and television.

Members can help the legislature to expose the problem by constantly questioning and asking questions, so the senator's question must hit the pain point. But, obviously, Andy Smith won this game.

After a 3-hour hearing in the morning, what is the mentality of the nine financial giants now? It's hard to say, but Andy did "earn enough" image points during this period.

At this time, in the Oval Office of the White House, Ao Guanhai still put his feet on the desk in a very unremarkable manner. In the rest area not far away, his cabinet and staff were sitting or standing, watching TV after the hearing ended. , Andy Smith, surrounded by all kinds of long guns and short guns.

"Obviously, he prepared himself for this testimonial," said Ao Guanhai's public relations team consultant. "You can see it from the way he answers questions and his demeanor. His tone is firm and confident. Calm, not flustered. If he looked a little nervous, people might doubt his sincerity and authenticity."

"... What do you think of the bleak outlook they paint for the U.S. economy, where everything from credit cards to home loans will face more difficult problems?" Ao Guanhai doesn't care if Andy is prepared, although he is almost the same Wall Street is broken, but he knows better than anyone that this hearing cannot threaten the nine financial giants.

As a member of the Aoguanhai think tank, the new treasury secretary Geithner just showed disapproval on his face, and when he wanted to say something, Andy Smith, surrounded by reporters and unable to move forward, stood in the corridor of the Capitol on the TV screen. Li, reluctantly accepted the interview.

"...worse times are yet to come. Stocks can reward investors in the future, even though the stock market is not clear.

I can't tell you if the market is up, down or parallel, only if the economy has bottomed. If the fiscal stimulus policy is quickly implemented, the US economy may start to recover in the second half of the year. "

Andy shook his head slightly and laughed, and answered a question about the stock market that reporters had been asking. He felt a little helpless about it. Ever since he was successful in the financial market, he was regarded as a new stock god by many people. No matter what time, there would be reporters running He came up to ask about the trend of the stock market, which annoyed him.

"Mr. Smith, the market's previous expectation was that Geithner has a perfect solution," but the reality shows that the government itself does not seem to know what to do.

Just announced a package of financial stability plan, Geithner also admitted that he has no bottom line.

It even admits that such a solution would be expensive, risky, and take time to bear fruit. What do you think? "

Andy glanced at the reporter who was interviewing the question, restrained his smile, pondered seriously for a while, and then said: "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. Turner may face the same problem as his predecessor Paulson, that is, constantly adapting to the pressure of the market to change the original intention of the bailout plan.

In fact, this plan has well identified the main problems and formulated the general principles of response, but the market was disappointed by the lack of details of its plan.

In my opinion, this financial stabilization plan may be just a "temporary plan" like Paulson's rescue plan.

The economic stimulus package passed by the US government has played a boosting role in restoring confidence, which is worthy of recognition. But the badness of the real economy cannot be solved by a simple piece of paper. "

As a beneficiary of the US financial rescue plan, it is naturally impossible for Andy to dismantle the situation. Not only must he not dismantle the situation, but he also has to help them.

"Although some policies have been questioned, it is a good thing for confidence building and market recovery. For the US stock market, having a bailout policy is better than nothing, it's just a question of the size of the effect."

"Many economists believe that the US bailout plan seems to repeat the mistakes of the 1990s, and that the US bailout plan lacks enough courage, especially in light of the scale of the banking system crisis that the US government is facing.

Some American think tank experts also believe that the US government should increase the degree of rescue and nationalize banks. Mr. Smith, what do you think about the nationalization of banks? "

When a reporter from the Washington Post raised this question, all the reporters present stared at each other, waiting for Andy Smith's answer. You must know that in the previous hearings, he showed a strong dislike for nationalization. Accused of communism of MPs.

The United States is a free market economy country. The public-private partnership method makes Americans naturally disgusted. People are more interested in tax cuts and tax cuts. After the previous bailout policy, people have begun to face government policies with caution.

Andy stood in the middle of the crowd, looking at the reporters on the inner, third and outer floors surrounding him, as well as some staff members of the Capitol. Only the sound of camera shutters and the occasional flash of a flash.

Undoubtedly, Andy is definitely against nationalization, which undoubtedly destroys the free market economy, because individual companies will never be able to compete with state monopoly companies, and it will only be a matter of time before individual companies are eliminated and annexed.

"Indeed, the financial crisis has changed from a collapse of normal market operations to a historic turning point, and the United States is indeed marching towards the road of "nationalization"." Andy frowned and pondered for a moment, then looked ahead with extremely sharp eyes , said without hesitation.

"Before the financial crisis deepened in September last year, the U.S. government always believed that it should not intervene in market operations to avoid causing moral hazard and other problems, but now, the financial crisis has provided an opportunity...

In fact, for companies deeply affected by the crisis, "nationalization" is more beneficial than bankruptcy liquidation, but for economic development after the crisis, how to re-privatize "nationalized" companies in the future will become a huge problem. problem. "

Although the corridors of the entire Capitol were overcrowded at this time, there was no sound. They all attached great importance to Andy Smith's insights. After all, Andy is undoubtedly one of the best endorsements of "The Myth of the American Dream of Creating Wealth".

"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 abyss, but it was the "New Deal" that made the U.S. sink deeper into the quagmire..."

According to the training of the expert team, Andy slowed down his speaking speed and clearly uttered the words that caused the crowd to commotion and showed shock. After a long pause, every audience followed, and continued: "This This economic logic sounds unbelievable, but it is a fact we have to face. Don't think about letting the US government become the last savior again.

The fact is that if the U.S. economy can emerge from the recession, it can only rely on production expansion brought about by healthy private enterprises, technological progress, and scientific management. This is also the fundamental reason for the continued prosperity of the U.S. economy.

The only thing the New Deal did was turn a brief recession into a decade-long depression, ending the economic crisis at the cost of countless lives. The "New Deal" that people are looking forward to now will not lead the United States to the road of recovery, but a more serious depression. . .

When the halo of incomparable glory lingered on some people's heads, this has to be worrying. Only by not repeating the mistakes of the past can the freedom and wealth of the United States avoid being looted again! "

Andy's point of view is not new. In fact, since Roosevelt's administration to the present, various policies of the New Deal have been questioned and criticized. Modern economists' research on the Great Economic Crisis and Roosevelt's New Deal shows 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, but instead prolonged it.

However, saying these words at this time is undoubtedly pouring a basin of cold water on the heads of Ao Guanhai, who wants to be Roosevelt and Lincoln, and the American people who are looking forward to a savior.

The reason why Andy said this at this time is not very kind. If the US 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. Fish eat small fish is his favorite, God's to God, Caesar's 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 this world. In an emergency, the advantages outweigh the disadvantages, or even choose the lesser of two evils. be the reason for the decision.

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