In fact, at the hearing, lawmakers used extremely sharp criticisms to "angry" and "ruthlessly" it was 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.

Only by constantly questioning and asking questions can the legislature help the legislature expose the problem, so the senator's problems must hit the pain points. However, obviously, Andy Smith won the game completely.

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

At this time, in the Oval Office of the White House, Ao Guanhai still had no image on his desk. In the rest area not far away, his cabinet and staff sat or stood, watching Andy Smith who was surrounded by various guns and cannons after the hearing on TV.

"It's obvious that he's prepared for this testimony," said Aoguanhai's PR team consultant. "You can tell from the way he answers questions and his expression. His tone is firm and confident. His tone is calm and without panic. If he looks a little nervous, people may doubt his sincerity and authenticity."

"...How do you view the dim prospects they portray for the US economy? Everything from credit cards to home loans will face greater difficulties?" Ao Guanhai didn't care whether Andy was prepared. Although he had almost broken with Wall Street, he knew better than anyone else that this hearing could not threaten these nine financial giants.

As a member of the Aoguanhai think tank, Geithner, the new finance minister, just showed a slight disagreement on his face. When he wanted to say something, in the TV screen, Andy Smith, who was surrounded by a group of reporters, stood in the corridor of the Capitol and had no choice but to accept the interview.

“…worse times have not come yet. Stocks can give investors returns in the future, although the stock market is not clear at the moment.

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

Andy shook his head slightly and laughed, answering a stock market question that reporters have been asking about. He was also helpless about this. Since he was invincible in the financial market, he has been regarded as the "new stock god". No matter when, a reporter would come up to ask about the direction of the stock market, which made him very upset.

"Mr. Smith, the market's previous expectations were that Geithner had a 'perfect' solution," but reality shows that the government itself doesn't seem to know what to do.

Geithner just announced a package of financial stability plans, and he admitted that he was not sure. He even admitted that this plan would cost money, be very risky, and take time to take effect. What do you think?"

Andy glanced at the reporter who asked the question, curled his smile, pondered his expression for a serious thought, 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 financial rescue operations. Geithner may face the same problem as his predecessor Paulson, that is, constantly adapting to market pressure to change the original intention of the rescue plan.

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

I think this financial stability plan may be just a "temporary plan" like Paulson's rescue plan.

The economic stimulus package adopted by the US government has helped boost confidence, which is worthy of recognition. But the terror of the real economy cannot be solved by a simple document."

As a beneficiary of the US financial rescue plan, Andy naturally couldn't destroy it. Not only did he have to destroy it, but he also had to help them.

"Although some policies have been questioned, they are good things for building confidence and market recovery. For the US stock market, it is better to have a rescue policy than not, it is just a matter of the size of the effect."

"Many economists believe that the U.S. rescue plan seems to repeat the mistakes of the footbath in the 1990s, and believe that the U.S. rescue plan lacks enough courage, especially based on the scale of the banking system crisis that the U.S. government is facing.

Some American think tank experts also believe that the U.S. government should increase its bailout level and nationalize banks. Mr. Smith, how do you view the issue of nationalization of banks?"

When the Washington Post reporter asked this question, all the reporters present glared and waited for Andy Smith's answer. You should know that at the previous hearing, he showed a strong disgust for nationalization and was willing to accuse the congressmen of communism.

The United States is a free market economy country. The public-private joint venture method makes Americans naturally disgusted. People are more interested in tax cuts and tax cuts. After experiencing the previous policy of saving the market, people have begun to face the government's policies with a cautious attitude.

Andy stood in the middle of the crowd, looking at the reporters around him on the inner and outer floors, as well as some staff from the Capitol. People from all walks of life who attended the hearing looked like they were waiting quietly for their ears. There were only camera shutter sounds and flashes that flashed from time to time in the corridor.

There is no doubt that Andy must be opposed to nationalization, which undoubtedly undermines the free market economy, because individual companies can never compete with state monopoly companies, and it will only become 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 moving towards the road of "nationalization"." Andy frowned and pondered for a moment, looking forward with an extremely sharp look, and said without hesitation.

"Before the financial crisis deepened last September, the U.S. government had always believed that market operations should not be intervened in order to avoid problems such as moral risks, but now the financial crisis has provided opportunities...

In fact, for enterprises that are deeply affected by the crisis, "nationalization" is more beneficial than bankruptcy repayment. However, for economic development after the crisis, how to re-private "nationalization" enterprises in the future will become a huge problem."

Although the corridor of the entire Capitol was crowded at this time, it was silent. He attached great importance to Andy Smith's "true insights". After all, Andy is undoubtedly one of the best endorsements of the "American Dream Creation Myth".

"When the US economy is on the edge of a cliff, we must realize that back then, it was not Roosevelt's "New Deal" that pulled the US economy out of the bottom, but it was the "New Deal" that made the US sink deeper in the quagmire..."

According to the training of the expert team, Andy slowed down and clearly said that he made the crowd stir up and showed shocking words. After a long pause, every listener followed and continued: "This economic logic sounds incredible, but it is a fact that 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 emerge from the recession, it can only rely on production expansion, technological progress and scientific management brought by healthy private enterprises, which is also the fundamental reason for the continued prosperity of the US economy.

The only function of the "New Deal" is that it turns a brief recession into a 10-year depression, and ultimately ends the economic crisis at the cost of countless people's lives. The "New Deal" that people are extremely looking forward to at the moment will not bring the United States into the road to recovery, but will be a more serious depression...

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

The views that Andy threw out are not new. In fact, since Roosevelt came to power, all policies of the New Deal have been questioned and criticized. 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 policy measures such as the New Deal. It is also generally believed that the New Deal has not overcome the great crisis. On the contrary, it prolongs the crisis.

However, when these words were said at this time, it was undoubtedly poured a pot of cold water on the heads of the American people who were determined to be Roosevelt and Lincoln and the American people who were looking forward to a savior.

Andy didn't have much kindness to say this at this time. If the US government continues to expand the scope of the bank's rescue plan, it will undoubtedly affect his Yingtai Bank's pace of continued annexation and expansion. Big fish in the free market eats small fish. God's belongs to God, and Caesar's belongs to Caesar!
Chapter completed!