But when I say "almost everyone", I am talking about those who will vote on this. This decision is not an issue that us Americans will have a say in. This will be decided by politicians, regardless how much outcry there is because after all, we appointed them up there to do this for us, otherwise what would be the point of having Senators and Congress men if we could od the job ourselves?
Yes almost all Senators and Representatives believe something needs to be done because their campaigns for re-election depend on something being done so that their big contributors are there for them. I disagree that this is a decision that "us Americans" don't have a say in, write your representatives to show just how much you dislike this bailout. It may not end up doing any good but remember that every single member of the House and 1/3rd of the Senate are up for re-election this year, if you ask me anyone who votes for the bailout doesn't deserve to get re-elected.
Evereyone every time someone points the finger at who's to blame. This has become a political circus in a way, the way they are playing with other peoples money. This is politics at it's best, nothing but pointing fingers and placing blame. they can't even agree on how to resolve one of the greatest issues ever faced by this nation. Instead, they bicker as usual.
To be honest I'm rather surprised at how little bickering there is over this issue. Yes there is finger pointing, but there is far less than I had expected.
I said we should focus on fixing the problem meaning we need to find a solution whether it's bailing them out, lending them the money and make sure they pay it back when all is well or simply letting them rott in their own greed. Either way we have a problem and crying about what is being done while not providing a better solution is wasting time and not resolving anything. Again, they need to try anything and everything they can if they believe this could be a major disaster if nothing is done. hell, even McCain is proposing a different idea, all while Obama is concerned with the debate.
The solution is to NOT do anything. Yes not bailing them out is going to cause problems, some banks will fail, hard times will be ahead but those hard times will not last as long as the hard times that will result from this bailout. The long term effects of this bailout are going to cause problems for the average American for years to come, and honestly very little is being done to actually fix anything. The underlying cause of this crisis isn't really being addressed and until it is this crisis is going to keep on cropping up and getting worse and worse.
ost taxes come from higher income earners and if it's up to Obama, it will come from 5% of the tax payer population, so in reality only those who actually pay taxes will be the ones having their money used unfairly.
Yes I know the rich pay more taxes than I do, but who is going to be more impacted by the inflation that results from the size of the bailout? The poor and middle class.
But hey, everyone here is now an economic expert right? All of a sudden, everyone has na answer on this site. Why the hell you all here with the naswer and not in DC trying to resolve this?
No I'm not an economic expert, but I have taken the time to research the implication of the bailout and there are experts out there who think this bailout is a bad idea (they have been quoted in various news publications over the past couple of weeks). And anyone with a rudamentary understanding of how inflation works can see that this bailout is going to have wide reaching implications. And as far as being in DC, I have a job and need to be at work so that I can afford to pay my bills, I have done my part by writing my representatives and if they don't listen then I will not vote for them in November.