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September 30, 2008

Our leaders have failed us – why am I not surprised

I rarely get on here and talk politics – it is so personal with people but I can’t help but think that the vote yesterday to not approve the bailout plan was more than just a NO vote.  I think it reinforces why Time Magazine says that only 18% of Americans do not trust Congress.  Think about it – most Americans do not understand the complexities of the market system – that is why we have experts.  And the experts along with the President of the US, the Vice President, the Treasury Secretary, the Chairman of the Federal Reserve, the Chairman of the SEC and our two political candidates for President say vote yes for the bill.  Americans, on the other-hand, are upset because they think the bill will reward those who caused the problem and righteous indignation should prevail.

And now politicians are caught between a rock and a hard place.  Do you vote with popular opinion that might not truly understand all of the nuances of the economic and market system or do you take a stand and make the difficult vote that voters will not like?  And better yet do you take the time (I mean really really take the time) to explain why and how this bailout works and what will happen if it doesn’t (in simple layman terms that Americans can understand)?   If ever a time that our nation’s leaders should be inspiring Americans, and supporting Americans and calming Americans and telling us the potential of our future – our politicians are doing what they have done for years – look out for themselves first before looking out for the American people.

Am I surprised at the No vote.  Not at all.  I think that it cleary shows that one of the greatest nations in the world has leaders that no one trust, no one respects and no one has confidence in.  I think that is a much bigger failure than any bailout plan could ever cost us.

just my 2 cents….What do you think??

Thomas

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2 Comments »

  1. No to the sellout (bailout).
    No to every official and media person who tries to cram it down the nation’s throat.
    No to altering our form of government, which the sellout does.
    No to the biggest scam in dollars in the history of the world.

    The market cannot correct itself, and the money on wallstreet will not buy up the junk as long as this scam is pushed. The scam is pay the crooks 20cents on the dollar for 5cents on the dollar debt, they created by fraud.

    To hell with this.
    Enough is enough.

    The sellout/bailout is bad for the country, and the wrong way to deal with it.

    NO!

    Comment by batguano101 — September 30, 2008 @ 10:47 am | Reply

  2. Well my friend it looks like you were wrong….our country will get through this and so will the markets

    Comment by ccevideo — October 20, 2008 @ 12:05 pm | Reply


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