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October 2008

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The Bailout That Never Was (For the Average Joe)

 

Monday I heard talk about how everything was going to be fine – after all, Wall Street was up over 900 points - the single biggest leap in the DOW’s history (as far as points go). But all these eager beavers forgot one thing. It was Columbus Day here in America and as such, as they traditionally do, all the banks were closed.

 

So without any credit worries that day, the DOW soared.

 

Two days later the DOW took two hits, just over a 100 point drop Tuesday and a 733 point drop today.

 

The Bailout hasn’t helped. Remember that it was rushed in under the guise of “If we don’t do something fast it could spell disaster”. That would be a $700,000,000,000.00 pay day for the fat cats and a recession for the rest of us. (Saying "$700 billion" doesn’t sound as bad as actually seeing it, does it!?!)

 

Bernanke is quoted saying that the U.S. economy is facing a big threat

 

Why?

 

Didn’t He, Paulson, and the rest of the Demopublicans promise that this was the band aid that the severe financial lesion needed to fix it all and make the big bad banking boo-boo feel better?

 

Well, it did. It made all of those bad lending bankers feel good to know that they were now financially free to roam around the planet without a worry to their funding.

 

All the while we, the American tax payer, are on the hook for it.

 

Bush said it had to be done, McCain and Obama were right there on board with it. Pelosi, most of the Senate and enough House votes were on board to pass it. And all the while, Americans were saying NO to it!

 

Who listened?

 

Did Bush? No!

Did Pelosi? No!

Did McCain? No!

Did Obama? No!

 

The only thing Obama and McCain have been right about is that we need change!

 

Vote Libertarian – across the board.

Elect officials who care what the American people say, not what the Wall Street fat cats have to say!

 

Bob Bar is who we need in office!

BobBarr2008
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