Im having a hard time absorbing all thats going on. From hearing from both sides of the table having a bailout is both the only way to save America from financial ruin to being the 1 thing that destroys what our financial world stands for.
Who is right?
It would be damn nice to have a straightforward and laymen's terms explanation of whats going on. Convince me that 700 billion dollars of taxpayer's money is needed to bailout some financiers who gambled and lost. Will the economy really take a nose dive that it will never recover from? Or will buyouts and acquisitions keep things in order?
Will government regulation be the end all solution? Or is a free market the real answer?
Its tough trying to decide whats right. I mean, is it possible to just take that 700 bill, give it to the american tax payer, and let them pay their debts, payoff mortgages, and inject huge quantities back into the economy? or is that just wishfull thinking?
People tend to knee jerk and flip out when the dow drops 700 points, the worst ever in a single day. But the next day gains over 400. It didnt level out, but it isnt exactly slitting its wrists.
What do the makers of the bill know that we dont? Inform the public and maybe the original vote down wouldnt have happened.
People need to know why, they need to understand why and having Bush telling me its gotta happen or we're all fucked isnt the right way to do it.
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2 comments:
Right on.
In every city I've seen, the largest buildings are always banks. Banks have tons of money, yet when they make bad decisions, their losses are covered. I want to own a bank.
I don't really get it either. I mean-- does this actually help the people that are losing thier homes-- or just the lenders-- or both -- or neither? My head hurts, I need pudding.
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