Thursday, November 13, 2008
Bailout Bust!
So they lied to us again. Surprise surprise! That $700 Billion bailout went to buying stock in the banks. It didn't help pay mortgages like it was suppose too. So what's the solution? Oh, why they are asking for more money to actually pay the morgages this time beacuse they screwed up. AIG who received a large bulk, went on about their business and paid for a luxury all expenses paid conference for it's employees. I mean they already received like $70 million and that didn't save their company so they are asking for more money. What ever kind of company that needs that much money should just fail. Our national debt is the highest ever right now. I mean since 1791 until last year, we racked up $10 Trillion in debt. In just one year we have already racked up another $5 Trillion. Come on! It seems that is what our country is teaching our kids Debt=ok. Bailing out after bailing out is just racking up our debt not helping the economy. Who is going to bail our country out of debt? Oh, that's right the chinese have bought our bad debt. What happens when they sell it? We need to ride it out, if it causes a depression so be it. We will rise from it!
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