Tuesday, November 11, 2008
Bail me out too
Are we all tired already of bailouts? How many years worth of taxes are going to who knows who? - and they just keep lining up. I wonder where the breaking point is. When will we reach the point of no return where we have bailed out so much of corporate America and the country collapses because there is simply no more money to be lent to bail out? And when it all collapses, who gets the worth of what's left? Is that when China comes in a sets up its proprietary government? And when all of these corporations have failed, what happens to the debt of people who owe them money? How much "faith of the American people" can we live on? I think everyone in the country should get automatic debt consolidation to lower payments AND interest for all outstanding debt. But that would be socialism. So why is it not socialism when you give it to fat cat corporations? I am simply amazed as I hear the news everyday. So we bail out the banks, then the auto industry, then the airlines, then the pharmaceutical industry etc., etc., etc. And quelle grande surprise that the Federal Reserve and the Treasury are just making things up as they go along with the money that Congress has already authorized. And now they want to authorize more and call it a stimulus package. I am sick. I am befuddled. I am troubled. I am getting old. Depression stories haunt. What a way to go!
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