Marcy Rules!
September 24th, 2008. Published under General. No Comments.
Preach it, sistah!
It’s the biggest problem I have about this whole financial crisis: why is big business the focus? If our government would have made it possible for people facing foreclosure to refinance and not lose their homes (thus being able to keep PAYING MONEY to these banks) months ago, we wouldn’t be in this mess right now. Now, instead of trying to help out regular Americans, they’re focusing on the suits in Wall Street.
I agree with the bipartisan support to not allow the CEO’s of these companies to walk away with millions of dollars in bonuses - they should get nothing. Just like we’re getting nothing.
Personally, I’m fine because I was smart when I bought my house. I didn’t buy more than I could afford and I got a 30-year fixed rate mortgage. Granted, I’m going to be paying PMI for a few more years now since my home’s value has tanked with the rest of the country, but even with that added fee on my mortgage payment, I’m still OK. If the cost of utilities and food keeps rising like it has been, I’ll just get more hours at Ye Olde Part Tyme Jobbe to offset.
But seriously, the idiotic “HURRY UP OR THE TERRORISTS WILL WIN ECONOMY WILL COLLAPSE OMG!!1!!11!!one!!!” drivel that Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are spewing isn’t generating the sense of urgency with the American people like they hoped for. I hope Congress calls their bluff and takes a good look at this bailout proposal and makes some thoughtful decisions as to who’s ass should be saved in this mess.
Things are grim right now - but that makes it even more essential that we act thoughtfully and not irrationally when it comes to turning things around.
Excelsior!
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