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Sunday, September 21, 2008

Is $700 Billion worth it?

The last time I checked, America was not a Socialist nation. But, if we are not Socialist, then why is the federal government moving forward with a plan to bail out the financial market. Such a move amounts to nothing more then corporate socialism.

I am not here to blame President Bush for this nor am I here to make excuses for the presentt administration. I think that this problem is coming from years and years of bad financial policy and criminal behavior by the banks and corporations that are now in trouble. So the problem does not lie just with him. It lies with the American government as a whole and people who insist on taking loans out to buy things that they can't afford and do not need.

The action that is being planned by the government goes completley against what America was founded on and will do nothing but reinforce continued bad behavior by the parties involved. I do not have a solution except for to live within my means and try to work my way out of the school debt and life debt that I am in right now.

I just hope that this does not spell the start of another actual depression for us all.
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