I am not economically savvy. My own financial shenanigans should be evidence of that statement. But, I think that I’m starting to understand a little bit more than I thought I did and boy, does my brain hurt. This is my understanding, we, the taxpayers, are going to “donate” $700 billion to the Wall St. bailout. Yep. And then what? Is this money just going to go back into the pockets of the people who frivolously misspent already? And what about the taxpayers, i.e. me? We just hand over this money, to avoid an “economic collapse” and then it’s Christmas time on Wall St., they get a blank slate, a do-over which is more than the average American is getting. Can’t we attach strings to this $700 billion? For instance, it’s not a gift, it’s a loan, and we, the American people, want to be paid back. We will be shareholders. We get to share in the future profits. Also, no more fat cats making millions in bonuses and they should also take a pay cut. They fucked up, they ran their businesses into the ground with their corporate greed, they don’t get to squander our money! Okay, bail them out, if you think that there is no other way, but I want my money back! I don’t make millions of dollars. I just work and try to save. I’m not paying you all to continue being wealthy. So, like I said, I don’t know much about the economy, but I think that this bail out should be a loan, and the American people need to be repaid. Thank you.
September 22, 2008
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