As we all sit around breathlessly waiting to hear what Congress' great bail-out plan will be, I can't help but wonder why the mighty lawmakers aren't considering bailing ME (and you) out. If, as many financial analysts say, we are on the verge of "The Great Depression II" wouldn't it make more sense for the Government to "give" money to ordinary Americans rather than to the criminals of Wall Street? After all, isn't it our money in the first place? It is our tax dollars, isn't it?
I recently graduated from law school. I am burdened with student loans in the 6-figure range (if I actually write out the number I may pass out). Some of those loans are Federal Student Loans. I wonder why the Government can't (or won't) simply forgive those loans, don't you? I think it sounds like a good plan - or at least maybe a good line to slide into that bill they are about to pass.
Seriously, think about it. If the Government forgives my student loans I will now have money to buy a house (or condo - I think I'd rather a condo - less work) and a new car and a whole host of other things that will stimulate the economy, right? It wouldn't be much of a gamble either. I went to law school and I have a job. I think I sound like a good investment.
But no, this will not be the way our Government decides to handle the problem. They will choose to give our money to the people who caused the financial mess in the first place. Isn't it funny? The people (Congress) who enabled the people (Wall Street criminals) to cause the economic meltdown are now the same people who are coming to "our" rescue - with apparently no input from outside innocent people... Smells rotten to me.
Of course Congress will bail-out Wall Street. It's an election year. Many Senators and House Reps are up for re-election. Where does most of the candidates money and support come from? Wall Street.
So, you see fellow Americans, this bail-out is not about "we, the people," it's about the good 'ole boys club (Government & Wall Street) and they will try to tell us how they are doing it for "we" but don't let them fool you. They caused this mess and now they will claim that they fixed it. Just remember that any fixing they do, will be done with our tax dollars. It's just not fair, not fair at all.
I feel like I've been hit over the head - twice.