2008.10.12
Questions About the Bailout
I know the economy is so vast and complex that if anyone claims they know what is going on I am instantly skeptical about them
So not too long ago Congress approved the Bush Administration’s $700,000,000,000 bailout package…
1: Why? Isn’t this the same administration that believes in free markets and laissez-faire economics? That regulation is ALWAYS bad?
2: Let me get this straight… We’re going to give money to the same banks that fscked everything up… so they can turn around and loan me -with interest!- money I already paid in taxes? My own money?
3: I won’t claim to be the wisest person on the planet about the economy. I know the economy is so vast and complex that if anyone claims they know what is going on I am instantly skeptical about them. And Bush’s administration claims to magically “know” this will save everyone? Congress claims that after great deliberation and modification of the original terms they agree?
4: I thought we already had some craptastic economic stimulus package that was supposed to “fix” this problem? I got $600 just a few months ago and was encouraged by Bush to spend it. Instead I put it into savings. After all, it was my tax money in the first place. I can’t help but wonder if I ruined the economy by not spending it.
5: Can anyone explain to me where all this money is coming from? Because our country is already so far in the red it will take years to dig out of it (if we can even get people responsible enough to do the hard work).
This thing is pissing me off more than I expected. I’m already seeing businesses going out of business. Maybe they were struggling already, I don’t know. I’m already seeing more and more houses up for sale. I have the feeling that soon I’ll start seeing less traffic on the roads, more people on the streets, more crime as people get desperate, more competition for fewer jobs, prices for everyday items like food going up…
How did anyone prepare for the Great Depression?
1 Comment Categorized: grrr thoughts
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One Response to “Questions About the Bailout”
- Zapski says (October 13th, 2008 at 08:14:42 )
All I can say is that my original retirement plan of wandering around in a shabby overcoat, carrying a 2-liter of mysterious fluid, and exuding the kinds of odors only found in subway stairwells seems to be stable for this economy.
That’s planning, that is.
This is an interesting read, by the way.
mcclatchydc.com/251/story/53802.html
