Image by Chris Harley via Flickr
Over a year ago, I had been saying we were in a recession. I posted one time on my Yahoo blog, about how aggravated I was about the administrations reaction to the financial situation then. The President kept insisting there was no recession, just a little bit of a slow economy. It really made me mad that he could stand there with a straight face and tell everybody that nothing was wrong.
Being that I work in the construction industry, I knew since before the middle of last year, that things were going poorly. New home construction faded off, then seemed to darn near disappear. Then by the start of this year things were really struggling around here. We started seeing more and more foreclosures, and job layoffs.
The administration pushed though the tax credit or stimulus check. I thought then that it was no cure, just a short lived antiseptic cream being spread over an open bleeding wound. Now I know that many people liked an needed that stimulus check, but did it really help the economy. I am just a simple high school educated working stiff, but even I could see all it did was place a little ballast in a small boat foolishly heading into a hurricane, instead of steering it away. I felt then and still do that the money would have been more effectively used to create government funded construction and technology building programs, that would have ( in my view ) created jobs and confidence.
Now when things have gone to the point of serious disaster, the government is jumping in and rushing to the aid of large corporations who have made serious mistakes. I can guarantee that many more will be stepping up and asking for bail out now that the precedence has been set. What about the little guy, who has made mistakes also? Are they ( we ) going to bail them out too, I bet not. I doubt anything will be done for those will lose their jobs, and their homes because of the economy. How exactly are we going to pay for this, and the unemployed who will inevitably become a larger portion of our population.
Are the bail outs the right thing to do? I don't know, I wish I did. If the administration had not been so focused on trying to calm fears of a recession and really looking at the whole picture. I am sure something could have been done on a much smaller scale long before this. Certainly something more proactive, instead of reactive.
Perhaps the problem is that we have too many people running our government, that don't have to worry about paying their mortgage, or where their next meal is going to come from. Maybe we need more people who are normal everyday working people, to be elected to our government office's. I know it will probably never happen, because you have to have or raise a lot of money to get elected.
Now I'll get off my soap box, play the cards I'm dealt, and move on to face what will come. Thanks for letting me vent, right or wrong, this is simply my opinion.
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