So, we Americans have reached a conclusion on a bailout. $700 Billion smackaroos over the next couple of years will be used to buy bad assets that stemmed from the mortgage crisis. There are no specifics on exactly what companies will receive a life jacket to keep from drowning in a ocean of debt. Well, how about us average joes out here pinching pennies to survive? The average hard-working tax-payer who got hit with rising gas prices. You know, the one who is facing foreclosure & job loss. Will we actually benefit from this decision? According to the democrats, we should.Democrats want to find a way to keep homeowners in their homes. With an economy that's going through a severe downturn, I think it's what is needed. Some folks will benefit from this when they should not have. But these big companies like AIG did not want government regulations. They are benefiting from the bailout & their executives too. Even though they were greedy & made poor decisions. We need to do it to save the economy although I think we are just delaying matters. So if we can bailout greedy corporations, then we should be able to help out the middle class. And lastly, I would like to pose a question. Do you feel like the country is on the verge of becoming socialist? Leave a comment.
