Bail out failsPosted By Christopher Vedeler |
I've got to preface my statements with my personal political bias. I am a dire hard core fiscal conservative and a social liberal. Basically the opposite of George Bush.
If I believed that throwing 700 billion dollars would solve the underlying economic problem I would support it. The market lost 1 trillion dollars on Monday, so it is really small potatoes (did I just say that 700 billion dollars was small potatoes??!?!). However given the total lack of confidence I have in this administration, who has cried wolf several times before, I wouldn't trust them as far as I could throw them. The Fed has botched this up so bad and now they are crying for congress and the tax payer to come to the rescue. Too little too late. I'm not about to hand these guys the keys to the financial kingdom to in essence create "The Peoples Republic of The United States". We are being scared into socialism and we don't even see it!!! Wake up!
I think the reality is that we are in for some hard times regardless. It is time to face the music, pay the piper and realize that our life style has been created on borrowed money. It is time to tighten the belt and pay some bills. The party is over folks and throwing more credit cards at the band won't make it last much longer. We all must be called to sacrifice to get us on stable financial ground again. Time for fiscal conservatives to get back the Republican party from the Christian right. What a disaster they have brought to the party.
Thanks for letting me vent...
If I believed that throwing 700 billion dollars would solve the underlying economic problem I would support it. The market lost 1 trillion dollars on Monday, so it is really small potatoes (did I just say that 700 billion dollars was small potatoes??!?!). However given the total lack of confidence I have in this administration, who has cried wolf several times before, I wouldn't trust them as far as I could throw them. The Fed has botched this up so bad and now they are crying for congress and the tax payer to come to the rescue. Too little too late. I'm not about to hand these guys the keys to the financial kingdom to in essence create "The Peoples Republic of The United States". We are being scared into socialism and we don't even see it!!! Wake up!
I think the reality is that we are in for some hard times regardless. It is time to face the music, pay the piper and realize that our life style has been created on borrowed money. It is time to tighten the belt and pay some bills. The party is over folks and throwing more credit cards at the band won't make it last much longer. We all must be called to sacrifice to get us on stable financial ground again. Time for fiscal conservatives to get back the Republican party from the Christian right. What a disaster they have brought to the party.
Thanks for letting me vent...