
Sorry to be off topic from the election but if you havent already noticed the crisis in New York then start your research. As a way out of making the economy any more worse than it already is, President Bush gave a speech today on a $700 Billion loan given to major companies in New York of which have gone bankrupt. Bush said, "We are in the midst of a serious financial crisis," during his speech today. Also that, "Our entire economy is in danger."
Basically the reason they are proposing this bailout is to stop the numerous amount of people filing for unemployment, the people losing their homes becoming homeless, not being able to pay morgages, things like that. I dont have much to say on this because the speech it self was I admit a bit confusing (shocking I know, coming from Bush) but I did find out that Bush plans to meet with both Governors, John McCain and Barack Obama, both in the running for the election (which by the way is in less than 40 days now). Bush hopes "to work on driving toward a bipartisan and timely solution on the financial rescue package," in other words, create a suitable plan for the years to come that both McCain and Obama agree on. Which I think might not be as easy as Bush thinks. McCain stated that if he was president today he would have fired the bailout team. shocker.
I'm starting to notice from the news and such that a lot of people have started to understand the bailout plan over the past week. Realizing that the situation on Wall Street could ruin Main Street too.
Shocking right? not really.
Lets be real here, WAKE UP PEOPLE!! and start thinking about your homes, savings, education funds, retirement funds, OR EVEN THE SAKE OF OUR FINANCIAL HEALTH OF OUR COUNTRY.
To be honest.. I think that this just might work. I'd rather see the nation spend money on helping people that actually live in this nation trying to fight for their living than give it out to homeless that are lazy and dont do shit to make their lifes better. Another thing, this amount of $700 Billion isn't too far from all the money wasted on the war in Iraq which is STILL going on after what 7 years now, alomost 8.
I dont know, give me your thoughts. I need some levrage.