It’s taken some days, but I’ve finally figured out how I feel about this economic bailout thing that’s been monopolizing my radio, my tv, my internet, and the proverbial water cooler at work.
Should Congress be successful in resurrecting the bill and bringing it to another vote, I hope it fails miserably.
I said it.
I’ve been waiting- for days- to hear how this thing is going to help Main Street… and now finally understand that Main Street won’t benefit at all.
With that in mind, I say…
Why should my broke ass incur the debt of financial institutions that A) did this shit to themselves and B) aren’t even willing to throw me a bone by way of thanks for bailing them out?
The answer is, I shouldn’t.
From my vantage point… waaaay down here where I’m sitting… it looks like I’m going to be just as screwed if this thing passes as I will be if this thing fails…
Except that one of those options will result in my incurring a mind-blowingly huge debt on top of everything else I’m trying to shoulder right now.
Either way it goes, my fellow taxpayers and I are no more or less likely to remain in our homes, nor are we any more or less likely to be able to afford fuel for our cars, food for our families, or medical expenses for our loved ones.
The Treasury Secretary, the President, Wall Street and Congress are all running around like some chickens with their heads cut off, screeching about how if we don’t pass this thing, the world is going to come to an end.
Honestly, it’s been real tough to get too stressed about it considering the behavior of Congress- especially yesterday. Our representatives have been cluck-cluck-cluckin’ about how important this bailout legislation is… but when it failed in the House, we learned the reason it died was baby-ass, pansy pettiness.
Our esteemed representatives thought it was more important to let their personal vendettas dictate how they voted on this oh-so-important bill than it was to vote on the issues contained in the thing itself.
Let’s see… they didn’t like Nancy Pelosi’s speech from the floor of the House yesterday morning, so rather than pass the damn thing like they swore they would, they voted Nay.
This is how they make decisions? This is how our elected officials decide whether or not to pass legislation that according to them may be our last option to save the economy?
Perhaps they don’t really care as much about Main Street as they claim they do… or maybe this shit isn’t quite as big a deal as they’re trying to make it out to be after all.
… And don’t misunderstand- I’m not giving Nancy Pelosi a free pass either… so settle down, Republicans.
Why did she decide to give an Anti-Bush-Administration-and-anything-GOP campaign speech at that particular moment?
Talk about inappropriate.
Seems to me, had the bill been that stinkin’ important, perhaps the representatives would have been concentrating on coming together… not tearing each other apart… and while Nancy-girl was not the only person guilty of doing it, she did it the biggest, in the worst possible place, at the worst possible time.
Yet these same people, who cannot, for the lives of them, bring themselves to put their petty differences aside- for less than an hour- so this thing can pass, want me to believe that the bailout is the end-all-be-all to all things financial?
Perhaps I would have shared in their urgency had they behaved like adults.
As far as I’m concerned, if the legislation wasn’t important enough for them to stop bickering long enough to pass it, than it likely isn’t important enough for me to get all excited about either.
While our oh-so-mature Congress was been acting like a bunch of spoiled rotten three year olds, I have been patiently waiting to hear what, specifically, will happen, should this bill fail again.
Are we headed for another Great Depression? Will the very fiber of our economy grind to a halt? Will the meager pennies I have in the bank no longer be insured, causing me to lose the little cash flow I currently enjoy?
No one has an answer.
Not a single person knows what the heck is going to happen, should this bailout fail.
Is it possible the market will right itself, causing no additional strain on We The Tax Payers?
Is it possible that life will get really miserable for investment bankers?
Yep- that’s almost a guarantee.
Other than the fact that regular ol’ middle class Americans will get no relief whatsoever from bailing the financial sector out, not much else can be stated for sure.
Not good enough.
Perhaps it’s time the fat cats in the banking world learn to sink or swim- just like like the rest of us have had to do- while they were gorging themselves- excessively and unnecessarily… and quite frankly, criminally.
I say, welcome to my world…
And there is no life guard on duty.