Thursday, September 25, 2008

Disgust and Disappointment

Somehow, according to the main stream media, this has now moved to Republican and Democratic proposals.

I don't understand when this happened. Christopher Dodd and Richard Shelby seemed to be on the same page.

John McCain is sneaky and dastardly. He called Bush and told him to have the meeting so FOXNews could talk about Obama not caring about the crisis and McCain is showing leadership - which they did.

John McCain is politicizing this sure as I'm typing this.
I'm so disgusted and frustrated.

And I'm sort of disgusted that the Congress and Administration are hell bent on doing a bailout.

Maybe we should move from a credit economy to a cash economy. This might be the time.

Remember after 9/11 when we were supposed to continue shopping so the economy could continue moving?
Remember when we went to Iraq and only the people (and their families) who volunteered for the National Guard or Army, Navy, Air Force, Marines had to pay the price?
Now we have an economic crisis and there's nothing Bush (et al) wants more than for the current economic system to continue. Conservative people don't like anything to change. They don't want to stop using oil and they don't want to stop using using credit to run the economy.
They believe our current system is the only system and we have to do everything we can to stop it from changing - no progress.

And, the sad part is - the one thing everyone seems to agree on is that we need to do something to fix this bailout. The idea of NOT doing something is too scary for them.
They don't want the American poeple to be, in the least bit uncomfortable by the vicissitudes of life.
That's why I'm disappointed and disgusted.

Once again, Conservatives don't want the American people to be uncomfortable because that means Conservatives will get blamed and won't be able to stay in power.

The thing that got us into this mess is the very thing that they're using to get us out. Credit.

Using credit, people were able to get what they wanted now instead of later. They abused it.
Now, the bailout uses credit, we'll mollify the financial markets now and worry about paying for it later.

We're getting the money for the bailout from a loan? from printing more money?

It seems to me that the people in the country who don't know how to delay gratification are the people who got us into this mess. They're also the ones who thought of the bailout.

First, I'm still not convinced doing nothing will devastate the ENTIRE country.
Second, I think the solution is about instant gratification (and mollification of the masses?).

Why don't we just tough it out? I'm willing to try. At least give us the opportunity to try.

I do think the poor and lower middle classes are the most vulnerable to toughing it out. But, we could give them some safeguards.

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