Wednesday, February 25, 2009

The Economy

I know that a lot of people have seriously been affected by todays economy. Some have lost their jobs and even their homes. I am having a major problem with the news media that keeps beating it in the ground. Every time you turn on the tv its doom and gloom. Using words like "recession" and "depression" and "catastrophe" and such are not making it any better either. An equal amount of people have not lost anything and are terrified to spend a dime of their money just because of what they are hearing on tv. If you had no money in the stock market, (me), and you haven't lost your job, (me), and you never bought a house that you couldn't actually afford, (me), then your life has pretty much coasted along. Thing were getting a little tight when gas went up to $4 a gallon but thats because it made us realize how much money we actually wasted. For the most part, Americans will spend money on what they want to spend money on. I just wish the media would take a more positive spin and quit placing fear and doubt into the minds of Americans. This "disease", if you will, is spreading like wildfire through our nation. I know that a sure collapse of our financial institutions would have incurred had we not "bailed out" our banks and automobile industries. But I am worried about what all this is teaching our kids. This new economic bailout plan will put into place a bank that deals only with forclosures. It will offer much lower interst rates for those who cannot make their payments. To me, this sends a clear message. If you don't or can't pay your bills, the government will give you a lower interest rate so that you can. If you have paid all your mortgage payments on time, congratulations - you can keep your higher interest rate. We are showing our kids that if you are corrupt and take ridiculous amounts of money in the form of salary or bonuses from your company, then you have arrived. Forget about the little people below you that are busting butt to keep their head above water. We will give you trillions of dollars to keep doing whatever you want, all in the name of "restructurizing". We will actually give you the money and not even ask you to account for it. All of this and yet my tax returns have to be scrutinized down to the last dime for accuracy. Something is wrong here and nobody is saying anything. Just seems so backwards to me. To reward bad behavior. Just needed to vent...feel better now.