The House is Falling Down

Boy, I am so disappointed in my fellow citizens right now.  Rile em up, feed them garbage and send them screaming to their elected officials....yup, that's the way to do it.

Do any of you realize that BEFORE McCain pulled his "ride into Washington and be a Savior" antic this past week....the "bail out bill" was close to approval.  Now, after his grandstanding and letting the American public sweat on it for a few days...we have utter chaos.

Save me from heroes....

And no, I'm not for just handing money over to Wall Street willy nilly. However, if you look back at history we must step in.  In the great depression they waited years before they did anything that was constructive and those of my parents age who are still alive lived through some very harrowing times.  As seen by the reaction today of the market, the largest drop EVER. 

The SEC was put into place to guarantee that stockbrokers wouldn't "pad" the system by buying without any actual resources backing it up.  Brokerage houses have been heavily slapped in the past ..ie; EF Hutton's "float"...still can't figure out why they thought they would get around the SEC, once again pure greed and stupidity.

I don't like the bailout, I want as both McCain & Obama have said conditions placed on it that do not reward the exec's of the failed companies, it should be made clear that the funding will be paid back out of future profits. There needs to be a clear, concise accounting of where, to who and how the money is dispersed.   That being said, we NEED the bailout. 

Stop sending letters screaming at your representatives, you are frightening the poor dears, they think they will not get elected again if they vote for it....so, of course, they are going to do what is also good for them - not vote for what they know they should....heck, their jobs are being threatened. How many of us could throw our jobs to the wind to vote our minds? Not many.

Our world has become an incredible shrinking planet, sneeze here in the States and a butterfly loses it's wings in China...or so they say.  So just what do you think that this financial disaster is doing worldwide?  Nothing good, that's for sure.

Mark my words, we are on a downward spiral and we best apply the brakes in any which way we can...before it all comes to grinding thud.