Thursday, September 25, 2008
I feel like my head is going to explode
I have been listening to radio, watching news and CSPAN on TV, and discussing it with people, and this whole bail out between wall street and capitol hill is making me crazy! I don't know what to think!! My head is going to explode! I don't know all the nuances, not even close, and I suspect that very few people do, but I do know a few principles that usually are correct. First, the government usually messes things up worse than they fix them. Second, decisions made hastily aren't the best. The government calls for about $1 trillion dollars and a decision is supposed to be made in a week??? As a rule I don't make any large purchase without at least 3 weeks consideration or else I normally find I haven't made the best decision I could have. What about other options!? I have a lot of faith in people, that people are smart. If we have a bit more time, I am sure we can come up with a better solution. If not, what are those people on capitol hill doing? We didn't elect them to tell us how to spend our money, we elected them to SOLVE PROBLEMS! Come on guys, think a little harder! $1 trillion or an economic meltdown cannot be the only options there are.
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6 comments:
Well honey, I hate to break it to you. It is all or nothing with the government. I am with you, and I think that most americans are with you. The problem is rooted in the fact that Political correctness is killing our country. People who didn' really qualify for loans were granted them because of their social status, and when the economy turned, it left them unable to make their mortgage payments. And that leaves us here today, banks are broke and have not liquid assets, and our "Big Brother" is going to "bail" us out for something that they indirectly caused. This is the very reason why people get into politics. They get so mad at dumb decisions made by their congressmen.
Great post and comment M and T.
I do have to say, from what I've been reading, that I prefer the republican "bail out" because they are making it so Wall Street will eventually foot the bill down the road (make them 'mostly' accountable), but the government will get many assets at low cost, which isn't a bad thing. The dumb Dems want the taxpayers to pay for it all - stupid stupid stupid. Why should I pay for other peoples stupid choices?!
At least for now I'm going to keep my money in the stock market because I'm thinking long term and figure now's a good time to buy low!
I did hear a wonderful quote the other day - "Capitalism will always succeed as long as Socialism is there to back it up."
Yea. Explode.
I believe that the bail-out is only delaying the inevitable. We're going to end up in a depression. Not 1980s stagflation-recession, but a full fledged 1920s depression. There's no way to avoid it, especially with the amount of debt the USA has accrued.
Our dollar is worthless, just go to Europe and you'll see how worthless it is. FYI- Canada's currency, which has always been worth less than ours, is now equal with ours.
And a bail-out still doesn't fix the broken policies that caused this madness in the first place. Mindy, I know you don't get AM radio, but if you go to 570knrs.com, you can listen to the radio streaming via the internet. It's what I do since I don't get Glenn or Dr. Laura here. Do it, you'll get more of what you're looking for. Especially from Glenn (9 am and 4-7 pm). You'll get inside stuff NOONE in the media is talking about.
i am def. with you! i don't think our gov't even has 1 trilion to spend...we have way too much debt. I def worry for our economy and everything. I feel like America has gotten so stupid. I agree that we are just delaying the inevitable..(i feel like i can't spell today)
Yah. America is screwed. And the thing I hate more than the fact that I have better credit than 98% of the people in America (the credit bureaus say so) and still got a crappy home loan percentage rate which I took last year, and a rate of return of -30% on my 401K is that these policies were started by Pres. CLINTON and were furthered by the Dem's. Yet, ironically, this VERY problem is costing Republican's their seats. I hate the media for the unfair coverage given and the inability of the Republicans to not use their press time bashing the failed policies of the Dem’s and pointing figures while trying to find a solution. They are putting partisan politics aside, trying to find a solution to the problem for America while the D's are pointing the figure as well as trying to find a solution and guess what is happening? America thinks the R's screwed this up. Just great.
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