Sometimes I think the American Public is stupid and blind.
The $700 billion Bailout is not what most Americans think it is. The government is buying assets that are basically on sale, big time sale. They are not just bailing out those big stupid companies.
What would it cost the Americans to not pass this? Not passing it today and Today alone the Stock Market erased $1.2 trillion from very important items like your IRAs, 401ks, etc. And your parents and grandparents IRAs and 401ks.
You think you are not going to be effected by this? Want more where that came from?
If your neighbor were smoking in bed and his house caught on fire, what would you think? Well, when the fire spreads to your house, it is already too late. Think ahead people, think ahead!
4 comments:
All I have to say is ditto. What affects one of us affects all of us in the end.
Wow! That is a very good analogy. It was awful to see the headlines of what happened on Wall Street. Seriously, there is an overwhelming feeling of dread!
I know. I am just glad we have awhile until retirement so we can build our stocks, 401K and IRA back up again.
Signs of the times!!! You all have your food storage and financial reserve....Isn't it crazy! I wonder if we will actually be alive on the earth when the Savior comes....so cool.
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