The new almost proposed Government plan is outrageous. What is happening is the boys in DC, the Fed, the secretary of the Treasury etc have gotten together and decided that YOU AND I should pay for the bail out of the speculators. They have decided that YOU AND I should pay for those who screwed up. They say it is bad for us. When they say us they mean them. They give you all kinds of doom and gloom scenarios. Well here is one for you. We will devalue the currency so much that you will need a wheel barrel of dollars to buy a loaf of bread. The world will move from a dollar economy. Our economic strength and therefore our well being will become a thing of the past. LET THESE PEOPLE FAIL. Do not use my money for a bail out.
This issue is probably bigger than the presidential campaign. Tell your congressmen that you do not want this bail out. Let the suits that screwed up pay for their own mistakes. I did not do this and do not feel inclined to bail out those that did this. Tell your elected official enough is enough.
****************************************************************************************
Charlie Ragonesi All Mountain Realty Big Canoe and Mountain Blog
On line at www.allmountainrealty.com Call at 706 579 1098
Charlie, That is true, I don't want the weight of that either. Things are so tight now that the camel's back is fearfully near broken.
My Aunt called yesterday. She has worked for a major American company for 26 years. She learned they are sending her job to India. She is 65 yrs old, single, never earned enough extra money to have stocks, bonds, retirement, etc. as is true for the majority of American workers. But good news! We just heard the Fed is going to spend a TRILLION DOLLARS to bail her, and all American citizens, out and pay off all their bad debt! But she said Citibank collectors are calling her everyday trying to collect her 23% interest credit card debt. She is also behind on her house payment and the big financial institution is hounding her about that. She asked how America will fund her bailout. I guess they will raise taxes on major corporations who have moved their jobs to other countries, and big financial corporations charging astronomical interest rates. Maybe the Gov is watching out for the American Citizen, and voter, after all!
I wish I was informed enough to form a meaningful opinion. Sometimes issues like this go much deeper than I ever imagined. What I truly think is the best solution turns out to be completely false too often.
Scary times we are enduring this week, no, I do not agree with the bailouts. If I fail at my business I close the doors, I don't get a Golden Parachute and a Government bailout.
Worse than this is all these CEOs that couldn't manage their companies honestly and ethically keep getting the golden parachute. They make so much money in just one year, let them bail out their own company. These golden parachutes have to STOP!!!