Monday, September 29, 2008

The CRASH of the US as we know it

Wow. So as if a new mom isn't busy enough, I can't help but take a moment and write what I feel and think about this bailout and the House of Representatives voting against it.

Wow. Wow. This could either be a horrible thing or a good thing. Because the bill lost by only 20 votes, the Democrats can go back and write a better bill and get 20 more Dems to support it and pass it. The Republicans who voted for this bill will still vote for it because they obviously understand the dire consequence of not passing a bill, so I don't think too many of the 66 Republicans would jump off a new bill. If the Democrats can get enough votes for a better bill, this will turn out to be a good thing. What will make this bill better? Transparency, making sure that Wall St. finds a way to pay the Treasury back and REGULATIONS on these rules that allowed for these horrible sub-prime loans to be handed out.

Now if nothing happens, if we can't get a bill passed, the stock market could very well crash, everyone who has money in stocks even a tiny bit of your retirement fund, we will all lose it. Also international markets are suffering and if nothing is done, the whole world is going to get kicked in the nuts, not just our country.

This promises to be a major major world catastrophe and it is such a shame that Republicans in their reign of power from 1992 to 2006 paved the way for this catastrophe by deregulating the rules on banks and creating an anarchic capitalism which destroyed the country's credit and currency.

Now, if Barack Obama wins, he has to deal with this horrible mess and he will have to put his priorities of helping Americans on hold until this situation is solved.

We're basically screwed! The blame lies squarely on the House Republicans of 2008 and everyone who has ever voted in favor of de-regulating the banks. The House Republican leaders came out in favor of the bailout, however they urged their members to vote their conscience, basically giving them the green light to vote against the bill. Well, they ran the green light and now they are blaming the Democrats.

Guess what? Americans are not stupid and they are going to see right through the Republicans and vote for change. If they don't they're fucking idiots and deserve to be homeless.

1 comment:

Unknown said...

The bailout was stupid. Oo verch