Well, the bailout plan passed today. The stock brokers are happy because the stocks will go up. However, the taxpayers now have a country with nearly a trillion dollars in more debt. Congress ignored the people who elected them and listened to the people who would benefit from the bailout, the banks. The people of the US were 100 to 1 against the bailout. I don’t know how Congress was able to listen to that. In this upcoming election, I plan on doing something I rarely do and vote against my normal values. I urge everyone to teach Congress a lesson. If you ignore the people who elect you, you should be voted out of office. I am voting against Jim Langevin, my representative in Congress. I will also be voting against Jack Reed, the long time senator from RI. They both voted in favor of this blatant waste of taxpayer money.
Our country is already $10 trillion in debt. Congress just increased the debt by nearly 10%. In addition to the bailout, the bill itself was loaded with pork. The pork was added to get the House to vote in favor of the bill. Some small company that makes wooden arrows for kids in Michigan will be getting nice tax breaks while there is a financial crisis. An auto race track will be getting federal money to assist in the construction. Where are the priorities here? What is wrong with Congress? Of course, our senators and representatives don’t give a crap. They make plenty of money. I’m sure in the next session, they’ll vote themselves a pay raise. Wouldn’t it be nice if you could decide when you took a pay raise? Wouldn’t it be even nicer if you already made more than 75% of the country? It’s fucking ridiculous.
I could rant for days. What matters now is that we show Congress how stupid this decision was. Banks took a risk. The risk has consequences. The consequences are nil because the federal government bailed them out. There are plenty of credit unions giving loans that aren’t in this situation. The moral of the story is that if someone has bad credit, you don’t give them a loan. They don’t deserve it. It’s plain and simple. The housing bubble burst to fix an anomoly (the ridiculous housing price increases of the past few years). People were foreclosed on because the banks gave them money to allow them to buy a house that cost more than they could afford. Those people deserved it. The banks that gave those loans deserved what they got. We should not have bailed them out. Canada looks better and better each and every day.
Do yourselves a favor this presidential election. Vote for a third party. It doesn’t matter which one, just vote for a third party. Teach the idiots of the Democratic and Republican parties a lesson… the lesson being that they’re all a bunch of greedy slobs that are way out of touch with the people they represent.
Obama’s message of hope and change? Increase the national debt. Yay! This democrat will not be voting for Obama in November.