Tuesday, September 30, 2008

THE SKY IS FALLING, THE SKY IS FALLING!!!

According to the United States Government, the entire economic system of the United States is going to crumble if the House and Senate do not pass a bailout plan for wall street. I have never seen such a clamor coming out of Washington. I wonder what would have happened with the war in Iraq if our politicians had been pushing for victory the way they are pushing for this bailout plan. Can you imagine? We would have had Iraq standing on its own feet four years ago. The government is telling us that the US taxpayers will actually make a profit from this bailout plan. They are saying the sub-prime mortgages, the government wants to buy, are undervalued and that the government will sell them for more than what they purchase them for. My question here is what happens to the profits? Is the government going to give me my money back plus my profit from the increased sales price? If the government knows they are going to make a profit then they should guarantee the taxpayers 100% of their money back plus a certain percentage profit. Our representatives are not going to do this because they know this is a black hole. We'll never see that money again and they are not going to put anything in the legislation that binds them. Everyday for the past seven days I have sent emails to my representatives telling them not to vote for this bailout plan. One of my senators has some common sense. The other senator is a lost cause and my congressman is a democrat sitting under a Republican flag. To be honest, I'm not sure there is much difference between a Democrat and a Republican anymore anyway. Let me put it this way. The latter two do not believe in or practice conservative principles.

The United States will overcome any hardship due to its people, in spite of the dispicable politicians in Washington. How I long for Statesmen of the caliber of our forefathers. We have them, but they are too busy trying to make a living and do not want to subject their families to the torture that would be inflicted by the media. Our representatives are going to try again to get this bailout plan approved. They and the media are going to try to scare us by saying we must act now or the whole system is going to fail. They will say that it is better to pass this legislation and hope that nothing bad happens than it is not pass it and hope that nothing bad happens. Let's face it, this bailout plan is the first withdrawal. They will be coming back to the well. It is up to us to rise up and let them know that we do not want to bailout wall street and we will hold them accountable for how they vote.

Below is a fitting quote.

Elmer Holmes Davis

“This nation will remain the land of the free only so long as it is the home of the brave.”

Have a Great Day!!!

Southern Boy Sense

No comments: