I don’t claim to know a lot about the economy and how everything works. What I do know is that contrary to what some people want you to believe this mess did not happen over night and it did not happen because the Democrats have had a small margin of control of the house and senate for 21 months. These loans that are causing all the major problems are from years ago when the Bush administration did everything it could to get banks to hand out money like it was candy.
And the banks are at fault because they didn’t pay attention. And now because some people got greedy a lot of American’s are paying the price or will be soon if something isn’t done. If something isn’t done people are going to start scrambling to take money out of the banks and cash in their 401(K)s before they lose them completely and then there will be nothing that can be done.
The truth is that no one can be absolutely certain that the rescue plan or bail or whatever you want to call it will work. However, doing nothing certainly won’t fix anything. And acting like spoiled brats only makes everyone more resentful.
A deal was made yesterday and it seemed like everyone was goin to get to look like heroes and then the Republican’s got their feelings hurt and screwed the people and the country they claim to always be putting first. So what Nancy Pelosi said somethings they didn’t lie a lot of what she said was true. You really don’t help yourself by throwing a tantrum and continuing to make the problem worse. And don’t come one here and tell me that wasn’ what happened because more than one Republican said that was the case and one of them even held up a copy of Pelosi’s speech and said it was why the bailout was voted down yesterday.
I know a lot of people are worried about the amount of money involved and the rushed nature of things. I also know there was discussion of having the money dispensed in stages. So my question is, why can’t the do a deal for a smaller amount now that will keep everything from going under and keep the country going and stabilize our markets and the world markets and then if needed do more after the new President, congress, and senate are sworn in in January? Then their first order of business can be that and they can work on something with a more safegaurds and all that.
In the end it’s about actually putting up when it comes to doing what’s right for the country and the American people. And what isn’t right is not at least trying to save the banks and peoples jobs and futures. And it’s important to note that doing nothing and becoming more economically vulnerable puts us at risk in other areas.
