Wednesday, September 24, 2008

...And He Won't Be Down On Wall Street Anymore

http://www.youtube.com/watch?v=pKv6RcXa2UI

Both Barack Obama and John McCain warned us of the dire consequences if we don't act soon on this Wall Street bailout, or "rescue" is the more media-friendly term. Now where have we heard this before. Maybe in 2002 during the build-up to Iraq, that same language was used and now look what happened.

We're on the verge on dishing out 700 billion dollars to "rescue" Wall Street, and some complain that there's no solution for Main Street. Here's the problem, y'all. That 700 million dollars is not going to be our money really. It's probably going to come from the same five powers that be we're loaning from (at least according to I.O.U.S.A): Canada, Mexico, Japan, China, and all those countries we've been getting oil from.

Some of these countries are the same ones we've been shipping our jobs to; others don't really give a damn about our interests. But yet we can still afford to use 700 billion dollars of their money to try and solve this thing. Also, there's this notion that we also have to tag on some plan to save Main Street not knowing how much that's going to cost. Remember, we got a chance we're going to use CHINA's money to pay for all this, NOT OURS.

Are we now going to start printing money out of thin air again? Causing more inflation and higher prices on goods, jobs lost to keep the goods cheap enough for Main Street to buy? This is fiscal irresponsibility at its worst.

But I'd like to ask y'all this? What solution would you propose that has the national debt in mind while even remotely saving this economy?

No comments: