Monday, January 12, 2009

Call me angry!

Once again the Federal Government is raiding our community well, and dredging it for more bailout monies. This time I feel we should have the oversight that has been lacking in the previous robberies. I live in a small town and as far as I can tell not one dollar of the first bailout has reached our area. What was supposed to turn our economy around has only succeeded in making Wall Street an area of Free Parking for the fat cats.

One thing America has always stood for is the right to work hard and become successful. Our leaders seem to have forgotten that it is really middle class Americans who fund and provide for our government. The Farmers, The Factory workers, the Carpenters, the Truck drivers are just a few who feed the engine of commerce. The monies that are being asked for now, should include real help for these people. Emergency loans to provide help for small business. A real attempt to force the banks and mortgage companies to reduce interest, and rewrite home loans. I’m not talking about some of the ridiculous loans made to people who should never have qualified in the first place. I’m talking about people who have lost long term employment solely because of the economic situation. These people face complete devastation and had very little to do with the cause.

We keep getting nods of agreement from our politicians as if they understand what has happened in America, all the while they have no idea what it’s like to face the circumstances real Americans are experiencing daily. Our leaders are so far removed from everyday human events, that until they are forced to go out and live with their constituents for a month, they will never get it. How many of them have ever had to clip coupons, just to be able to buy necessary staples that are required for survival.

We have come a long way over the years in the area of equality, yet we find ourselves now locked in a battle of our lives just to survive. Who are we battling? The big banks of the world have become stronger than the countries they reside in. Our government, and I mean by that, all but a few of our representatives, have fallen all over themselves to provide billions of dollars of help for these behemoths who turned around and used it to pay bonus’s to their managers and purchase smaller banks who weren’t in on the giveaway. Now they want to dig into our wallets even deeper to do the same thing.

I say NO! until they provide a document showing exactly how this money will be used for the good of our total economic growth. Any money now needs to go into a program to allow increases in consumer credit availability. If we don’t free up money to get the basic economy back on its feet we won’t even need any of these the big banks. I’m not referring to the stimulus being presented by the Obama administration, I’m just talking about the other half of the 700 billion still in the hands of the Treasury. The track record of Secretary Paulson in regards to the distribution of the first half of the bailout is terrible. He should have nothing to do with any future monies in the program. We need and will demand accountability for this money, and we sure don’t need to give it to our friends on Wall Street.

And that’s my opinion,
Don

1 comments:

Anonymous said...

Don,
I really appreciate your posts, it's as if I wrote them myself in most cases. The world has gone to hell in a hand basket and our lame brained politicians don't know how to fix it. I wish we had people like you in charge.
Howard in Kaneohe