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Thoughts on the bailout
It looks like our House of Lords (The Senate) is going to push through this bailout.
Maybe it's the right thing to do. Maybe it isn't. It's really impossible to tell anymore because these people (Congress, Administration, Big Business) have little to know credibility anymore. They say this is what's needed. They say this will help. But who the heck knows? Who can you trust? Greedy politicians on the take? An inept administration? People who caused this mess in the first place and now have their hands out? I don't have much faith that this will do anything to really help.
I know one thing. They're going to take $700 billion of our money, correction, $700 billion of my kids' and grandkids' money and use it to prop up a sagging economy that is about ready to implode on its own weight.
Well, I say let it play out. Even if it means we have to suffer for awhile. Wouldn't that be the better thing to do to insure that our children may have a better tomorrow? Or is that kind of thinking gone from this generation. Would we rather just get ours now and tell our kids "sorry son. I know you will have no Social Security and you will have to pay 70 percent in taxes when you're my age, but, well, those big Wall Street banks were suffering and we just couldn't have that."
Won't somebody think of the children?
