Wanna' know how fascism comes to a country ? Just read some of the postings on here today. Complete panic.
This bailout bill was a complete abomination. Passing nothing would be better. Credit markets are tight because their WAITING for the bailout ! Not, because they don't have liquidity.
Wanna' know why half the population is so vigorously against this bill ? Because they have NOTHING, ABSOLUTELY NOTHING TO LOSE !
Follow me below the fold...........
"Your 401K dropped today ?"
A huge segment of the population has no 401K or retirement of any kind.
"Worried about losing your job ?"
Huge segments of the population work in the service industry making minimum wage. Think they really care if they lose their bartending, waitress, Wal-Mart, cleaning, etc.,etc. job ? They'll just get another one. Few of these would have retirement or health care benefits. They'd make almost as much on unemployment.
"Worried about paying your bills ?"
Half the country has been forced to live on credit cards just to make ends meet. They'll simply quit making payments. I listened to Suzy {Wall St. Ass-Kisser Extrordinaire} Orman today screaming "People have to stop buying non-essentials on their credit cards!!!" I got news for you Suzy Shill...........people aren't using credit cards for frivilous items they don't really need. Their using them for necessities. Lights, home heating, filling up their gas tanks. Wall Street, D.C. and corporate America has squeezed every red cent out of the middle-classes pockets, all that's left is the treasury.
700 billion is $2,300 dollars for every man, woman and child in this country. Dispersing it this way would do far greater good than giving it to a handful of billionaires. Even better, rebuild our roads, bridges, schools, hospitals and develop energy alternatives. Good paying jobs would be created by the millions. Huge taxes on the wealthy need to be initiated immediately, They've gained the most and they need to pay for it.
I have no illusions this will actually happen. Of course, it won't.
The manufacturing base in this country has been destroyed, outsourced and along with it, millions of good paying jobs. This is the real crisis we face. This is what must be addressed. If people were actually paid a living wage you wouldn't need jobbed-up mortgages to get them into a home or worry about them making the payments.
Don't expect half of the population to feel your pain after losing a couple of grand in your 401K today. It isn't going to happen. What you're really afraid of is..............ending up in the situation they've lived in for years.