Monday, September 29, 2008

Interesting to see what people have to say about the financial mess...


 

Some of the people are so informed. I envy them. As much as I abhor politics, I want to know what brought us to this financial mess we are in now. I have an idea, I have suspicions, but I want to know definitively how America got to this present crisis. Argh, I am afraid I don't have enough time in the day to understand all this. All I know is this is BS and I am pissed off. Where is the accountability for this crisis? Why aren't the bank CEO's being arrested and their assets seized? What about the accountability of politicians who have profited from (and will still profit from) this mess? Yeah, we get a measly stimulus package and then have to bailout the BANKS?? What?? NICE.  I guess I have been sticking my head in the sand, so to speak. But what can I do? I think this is the trouble with most Americans - we feel helpless.

 

Yeah, and wasn't it Bush a few months ago (not even that long ago) saying that we are not in a recession - the economy is strong? Now he comes to us, hat in hand, asking 'please pass this bailout. Please, o please! If you do it will stimulate the economy (or avert a recession/depression) and the banks will be able to loan out more money and everything will stabalize' Yeah right! So the banks get bailed out, we foot the bill, and we get to borrow money again. WOW, gee thanks. Wasn't that what got us into this mess in the first place? We are borrowing too much money we cannot expect to pay back because our economic system is being eroded (our good paying jobs are being lost - either being sent overseas or downsized) by CEO's greed, by the very industries that need to be bailed out. This is the hypocrisy I was talking about in my other blogs.

 

OK, done ranting for now.

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