Deal Reached
Here we go. A deal has been reached regarding the financial bailout. *sigh* Details have only been trickling out so far but we know that votes are coming early tomorrow on the deal. How much is it going to cost us? How much further in the hole will this country go? Congress is imagining that they have money to spend. That’s a laugh. They don’t have the money. WE do, the taxpayers. It’s our money that they’re going to spend to bail out Wall Street. What is going to be the long term impact on us?
The Chicago Tribune is reporting the deal, with the original figure of $700 billion, was reached this weekend but the language still has not been released to the other members of congress or the general public. Both presidential candidates have said they are likely to support whatever the plan entails but that they’d both like to review the language first.
I’m very uneasy about this. Very. I can’t see how spending this amount of money is going to help our financial situation in the long run. I’m absolutely against the idea of a Wall Street bailout with taxpayer money. If I ran a business and managed it so badly that it collapsed, the government wouldn’t come running to bail me out. I do know that public opinion on the bailout is not so good which then begs the question, why are they going through with it? The only thing I can think of is, congress hasn’t listened to us yet so why start now?
Should be an interesting next few days.
