I keep waiting for someone from congress to call me about what to do with this bailout plan. Are you kidding? Hey, lets give 700 billion dollars to institutions that made bad deals. Then, lets hold onto that debt until the economy gets better. Then, things will get better. Am I the only one that sees that this is NOT such a good idea. How is this really going to help the little guy? It’s not.
Wouldn’t it be better to give every taxpayer a sum of money that they could actually doing something with? If I scratched this out correctly … I think you could give every taxpayer $350,000 and it would still be less than 700 billion. If you gave me $350, 000 I could get out of debt, pump more money into the economy, put more money into investments and retirement. Hey … Lori could do the same. If you really wanted to inject life into the economy … this would give it a shot! Some would say … the government would never recoup any of that money. Tax it. They would get half back … and Americans would still come out on top. I’ll bet that they don’t get back half of our 700 billion.
Big financial corporations will win in this deal. Heck, I heard that the new CEO at WAMU will get 18 million dollars after only 3 weeks on the job … Chase NOW will buy them out … when this bailout happens. How is that right? I’ll bet you that there will be a lot of CEO’s in the financial world who will get richer out of this deal … and the poor joe at the bottom of the food chain will see very little if anything. The big dogs in Washington will sit back and thump themselves on the chest and proclaim victory. If we had 700 billion dollars to do this … why didn’t Americans get some help at the gas pumps when fuel was punching $5 a gallon? If we have 700 billion dollars to bail out bad mortgage banks why couldn’t we help the infrastructure of America with roads, bridges and better technology to help us in the future.
I think this is a big mistake.
wg
