the ramblings, rantings, ravings, and readings of one eron g. being from the San Francisco Bay Area of foggy California, eron g is usually angry or confused about something.
warning: this blog is rated R for language, alcohol use, and sexual themes.

Tuesday, September 30, 2008

The Economy is Falling! The Economy is Falling!

For the past 6 years, the American economy has been struggling. Everyday people have been scraping to make ends meet for years. Gasoline prices are so high that they're impacting the cost of EVERYTHING that has to be shipped or moved.

And the President of the United States and our Congress has done NOTHING.

But oh, the INSTANT big business starts to feel the pinch, President Bushy DEMANDS: "Congress must act!"

Fuck you, W. Bush.

I also particularly enjoy how Bushy Dubya now claims that "painful and lasting" economic damage will be done if Congress doesn't act. This coming from the man who wrecked our economy with his reckless spending and gobbled up our budget surplus with his unjustified, unwarranted, and unprovoked war on Iraq.

And Congress is no better. They're so busy pointing fingers at each other that they can't even figure out what they're doing.

But, as much as I am loathe to admit it, I have to agree with the majority of the Republicans who voted down the bailout. (and yet, the Dems still get blamed...) It's wrong. It is NOT the way to go. Yes, the market will tumble and struggle. But ya know what? It will recover. It always does.

Warren Buffet, God of Finance, thinks that the $700 million bailout plan is a joke. If the Gov't is going to buyout assets, they should do it at current market prices. Plus, the American people should see the dividends of this bailout when they finally pay off.

Oh, and when people like Bushy yipe that the money that the stock market lost yesterday because the bailout didn't happen DWARFS the cost of the bailout itself... it makes me want to punch someone.
Cuz, guess what? The market already, in less than 24 hours, recovered nearly HALF of what it lost! NEARLY HALF OF IT IS BACK!

Would the bailout have magically paid for half of itself in 24 hours?

0 Comments:

Post a Comment

<< Home

 Rated R