...seeing as I haven't done one of these in a long while. Then again, there really wasn't a warrant for one or something I thought was worth writing about. Then again I probably didn't have the feel to write about something because I already vented to enough people that I thought it was validated to not ever be spoken of again.
Anywho, I guess I am writing this because of the appalling decision to bailout so many companies, apparently, in layman's terms, to put a band-aid over our bleeding wound called an economic recession, with $700 billion of taxpayer money. Oh and not to mention the fact that that's just a ballpark estimate really, I mean optimistically it could only be $500 billion and at worst be $1 trillion.
Who in the hell thought that $500 billion was optimistic? Because as far as I'm concerned, still alot of taxpayer money that is to be had. I mean to break it down for you, let's say somehow the entire global population was solely in the U.S. (yeah, theoretical so won't point out what other issues this would cause) that would be some where around 6 billion people and counting. This woul mean that every man, woman, and child counted in that total woul have to give somewhere to about $80-$100 dollars to this bailout program to even match that.
Last time I checked, I wasn't too happy to simply toss $80-$100 out the window, down the toilet, in a fire, etc. Why do I say that, you ask? Simply because this is what is happening since this will do nothing because a circle equation occurs, the companies will no longer be in a deficiet but they won't get that much business because the taxpayers our their clients, so if the taxpayers money is being used to bailout the companies, then they won't have that money to spend, making the companies lose business until they are once again in debt, thus creating a vicious cycle.
I know, that was a rather large circular statement, but it is the best way to explain this horrible horrible situation.
I suppose I will conclude with this, a band-aid doesn't help a laceration that requires stitches, in fact it makes it most definitely makes it worse, especially when the band-aid becomes saturated in blood and allows infection to set in, slowly killing you if not treated correctly, just like our economy.
Smile for the camera.
Wednesday, October 15, 2008
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