Are you tired of all the financial news headlines that have dominated the news spotlight for the last few months? I know I am! All we seem to be reading about is big banks, big insurance companies, mortgage lenders and many other large investment corporations that are in trouble and looking for the governments of the world to bail them out. Hey that’s all fine and dandy but where is all the money to help the everyday joe on the street. Where is the bail out money for all the working class folks that don’t have a corporation to stand behind?
Have you noticed that you don’t see a whole lot of banter on capitol hill about bailing out middle class America. Now I freely admit that the American people are not at all innocent bystanders in this global financial melt down. There were certainly a great many people that were spending way more credit dollars than cash dollars were being earned. Loans on homes that they had no business buying in the first place. Let’s face the facts though it’s all those banks and lenders that are being bailed out now that were pushing out these loans and lines of credit with no regulation in place. Thinking the gravy train would just keep on going and they would never run out of track.
I do understand that it’s the big money lenders that need to be saved first. In order for everyday workers to get the loans they have restructured so that it is more affordable. I think the worry is that there is so much focus on saving the big corporations that it’s the little details that are going to be skipped over. When the government skips over the little details that generally means bad news for the everyday joe on the street. I know I have said this in other posts before but it scares me a lot that the US government is being looked to for guidance out of this financial disaster from other world governments. When in fact the US government is trillions of dollars in debt itself, I think I might feel better if they pulled together some world class scholars on economics to lead the charge instead of the administration that has been in charge for the last 8 years. Call me crazy but I think some of the decisions they have been making for the last eight years may have had something to do with the global economy collapsing.
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Where Is The Bail Out For The American People…
Main reason for the uneasy feelings is that it s the US government that is $10 trillion dollars in debt and we are looking to them to fix this financial crisis….
[...] Where Is The Bail Out For The American People [...]
[...] Well today is the day the US government puts it’s first big plan into action to help the US economy as President Obama is expected to sign the $787 billion dollar stimulus bill. Thankfully every news organization either in print, TV or online is publishing their own spin on how we the people will benefit from this grand new plan. With emphasis being put on the tax cuts and tax credits that are in the stimulus bill designed to help the everyday family. [...]