Last Monday while hubby was looking at stock quotes he was surprised that Dow was down more than 6% that time. Something was wrong. Ah, the bail-out plan did not pass in the congress.

Of course! If big companies didn’t do their jobs well to the point they fail, why should we salvage them with our tax money and go on for years for more tax burden? Some people need lessons here. They borrow money, overspend money, accumulate credits, don’t pay mortgages, etc. The people need to change their ways with money, change their behavior and manners towards spending. For because of all of these, we are seeing the effects in the economy now. And 700 billion dollars is not a joke, it is a very huge amount, even bigger than the war, space and research budgets.

But this situation affects not just the failing companies, and individuals who have been habitually overspending and creating credits, for it affects all the citizens of America, and even the rest of the world. Is it worth it? Yes, and I see the rationale behind the solution they come up with this bail-out plan: it provides the Federal Government authority to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, and for other purposes. This will restore liquidity and stability to the financial system of the United States, and therefore all over the world. Overall, this act would protect our funds, savings and home values from further harm. Can the US let itself collapse? I don’t think so, for now. We still have people who take country first, ahead of politics.

____________________________________________________________________

____________________________________________________________________ Found this article useful? Mention us in your post, subscribe to our feed, link to us, or bookmark this site. Thanks for your support!