Thursday, September 25, 2008
Someone Needs To Explain This One To Me
Our President was on T.V. last night trying to explain why he and Our Senate and Congress are pushing through the biggest bail out package since the great depression. He explained and explained....and I sat there and listened....and what it amounted to basically is: they are going to use the tax payer's money to bail out their wealthy Investment Banker buddies on Wall Street! It's going to work something like this (In A Perfect World): They are going to take $700 Billion Dollars (No One Knows From Where), and buy up a bunch of investment securities from the investment banks and hold them until the stock market recovers enough where they can re-sale them at a profit. In the meantime this is going to free up the investment banks to make more loans and investments to wealthy business persons....so that they will have more options to make investments, open new businesses, and provide jobs to stimulate the economy! (And Then We All Will Live Happily Ever After!) EXCEPT....These are the same wealthy investment banker CEO's and wealthy business persons that have been making all of these bad investment decisions for the last decade!!! What a bunch of suckers the American Tax Payers are to let this happen! I have a little money in the local community bank....in a checking and savings account and it is insured. If I don't run my family budget correctly or if something happens in the economy....you know, like everything going up for the last 5 years from food to utilities to gasoline....I have to start using up my savings to pay my bills. Then if things don't get better and no additional income comes in....I have to drain my accounts and start selling things! Then if things continue to go bad....I go broke....and eat peanut butter sandwiches at my Parents home...if they are surviving....this is the way of a free market economy. IF YOU MAKE BAD INVESTMENTS AND THE ECOMONY GOES BAD....YOU LIE, STEAL, CHEAT, SHORT SALE STOCKS, AND DO ANYTHING UNDER THE SUN TO MAKE A BUCK....YOU SHOULDN'T BE ABLE TO STAND ON THE BACK OF THE TAX PAYERS IN ORDER TO GET BAILED OUT AND GET BIG SEVERANCE PACKAGES WORTH MORE MONEY THAN MOST OF US WILL EVER SEE IN FIVE LIFETIMES!!! YOU SHOULD GO BROKE....AND BE BANNED FROM WALL STREET OR ANY OTHER BANKING BUSINESS.....HELL, I DON'T KNOW MAYBE YOU COULD SALE USED CARS OR SOMETHING....BUT YOU SHOULD NEVER BE TRUSTED WITH LARGE AMOUNTS OF MONEY AGAIN!!! So....Someone needs to help me understand what our Government is about to do....because, I just don't get it! We live in a free market economy....if you make bad investments....they come back to haunt you....hell, you may even get prosecuted....but you don't get given $700 Billion Dollars and told to try it again!!! What the Fuck!!! Sorry about my language, but I cannot help but be upset....and all of you out there should be too!!!
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11 comments:
I AM UPSET!!! I just don't know what to do about it. Vote for Obama maybe, hell, I don't know!
OMG, I can't believe what is happening here. You are absolutely right, if I cannot pay my bills no one in the government gives a damn. There is no bail out for the common man. Just go to the shelters and the soup kitchens, while investment bankers look down their respective noses at you.
This Shit is Crazy. We are all stupid.
I have tightened my belt and there are no holes left. I have had to withdraw money from savings to pay some of my bills and I work everyday. This makes no sense to me at all!
You Americans are crazy. They will take this money; it will cost you all in the long run, because it will be re-invested in commodities, like food, energy, gasoline, timber, textiles, and overseas imports. Then the prices on all of those things will go out of site for the consumers. It is basic economics, just like they teach us in high school.
I agree with you Saleem. We should send you back to what ever shit hold country you came from, you are so lucky; to be able to attend one of America's high schools so that you can learn basic economics. Outsourcing our jobs to help out people like you is what is destroying us.
All I know is this, if this shit don't work; we are in a world of trouble!
The American Taxpayer and the Government should get paid back at the first sign of any profits, I had better not hear about any of these companys pocketing a damn dime of profits until we are paid back in full!
I am running a little short this month. I think I'll call up good ole G.W. and see what he can do for me and my family! I wonder if we can get bailed out!
Take one fourth of that bail out money and give it to every American Citizen. Tax it so the Government will get theirs back. That would put us all on easy street, stimulate the economy, allow us to make big investiments, pay off our mortgages, put money in the banks and live the good life! Everyone wins! What would be wrong with that? I trust us with taxpayers money much more than I would trust those idiots on Wallstreet!
Great idea Caroline, count me in!
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