Youth Politics

Just to get this out formally, the 700 billion dollar bailout sucks.

Do I think it’s a good idea? No. Do I feel we have no choice but to let it happen? Yes. Essentially, Wall Street is afraid, and is now looking towards the government for reassurance. It’s pathetic and an insult to a capitalistic society. Will I get a bailout if I go into massive debt? No. Quite frankly, I’m not important enough. When you become important enough, only then will you have protection against ever failing.

It’s amazing how the market will start to swing upwards even on the mere HOPE that the federal government will go through with the plan. They don’t even have to pass the dang bill and the market starts going up again. Yes the gains do not outweigh the losses, but the way people act is just incredible, especially when they are scared. It would make a great psychological study I think.

The congressmen and women who voted down this bill don’t like it, but they do not realize that it would be worse NOT to pass it. I mean yes, taxpayers will essentially have to eat up three or four thousand dollars. That’s a lot of money. But look at everyone’s 401k’s!! They are sinking, and I bet they’ve been hit a lot worse than that amount of money. I don’t even have a 401k and I can feel everyone’s pain! The truth is people are left in the dark about important legislation. It’s just become a lot more apparent now because this happens to be a really really really important piece of legislation.

I was listening to the radio when one of the Senators (I don’t remember which one) mentioned that people should be suspicious of government. It’s sad when someone in the government has to say something like that. People should NEVER have anything to be suspicious about when it comes to our own elected officials. People blame the government for a lot these days, and it doesn’t matter whether a Democrat or a Republican is in office. They always manage to screw something up. It’s no wonder that people are sick of the one thing America has to be proud of: it’s political system and the right to have freedom of choice and the freedom to elect our representatives. Sometimes I almost feel like some people would gladly give up this freedom. I personally would never want to, but I can see why some of these people who go so far as to say such a thing.

The problem with this bailout is that it really is a catch-22. The government did not regulate a thing, and we trusted it. Now we’re in this mess because of it. And now we are expected to trust it anyway, because the one’s who caused this problem are the only ones who can fix it.

God bless the next few days…