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To B(ailout) or Not to B(ailout)?

You have all read about this, you are probably sick and tired of reading about this.  But this is something that I have become passionate enough about to call my Senators on.  I have even commented on them at Chris Cannon’s Blog.  I am still waiting for them to be posted.

Listening to President Bush’s explanation, I was struck with something.  This is all about credit.

Am I the only person here who believes that we can have economic stability without credit?  As I have mentioned before, I am Debt Free.  I have managed to get along quite well in my life without racking up much debt.  It’s actually quite refreshing that I have few financial obligations to another person.

Some might argue that it isn’t feasible to run a business without debt.  But the fact is I know of several organizations from small to big that have run debt free operations.  Some examples are Expeditors International, The Kid’s know it Network (h/t: Hiram), and the Jason for Congress Campaign.  I am sure there are others, but these are one’s that I have personal knowledge of.  Each of these have also run very successfully.

I have said it before, we are operating under a false economy.  And while I was too timid then to call it, I almost wanted to predict the failure of our economy when I wrote that.  However, I have felt for a long time that this was coming.

It’s just maddening that this whole bailout is about credit.  This makes me even more adement that we must not pass this bill.  So mad that I call my Senators.  Unfortunately, none of our congress men have made a decision on the issue.  You have got to be kidding me.  In a nation where a clear majority of the citizen are opposed to a bail out.  You can’t make a decision.  This is just another example of the elitism in D.C.  It must stop.

It appears from everything I can see that America is willing to take the lumps on this one.  We don’t care how much it hurts.  Let us pay the price and have our economy struggle for a while.  Better to pay the price now then to pay for it later.

It drives me crazy to think that this socialist concept is going to happen.  We need to do everything we can to stop with bail out.  Please write, call, email, scream at your Senators and Congressmen to put a stop to this.  If they don’t then, the simple action is to vote against them the next chance that you get.  I know that I will.

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2 comments to To B(ailout) or Not to B(ailout)?

  • speedmeisterp

    The bailout and Bush’s scare tactics are rediculous. This is Bush’s last opportunity to steal money and he’s trying to do the biggest heist in history. His only reason he’s stated to do the bailout is that americans will have more credit? Isn’t that the problem to begin with? Can we recoup the billions the executives made off us first? So if we pay our already earned taxdollars to billionaires, they will lend it back to us with a high interest rate? That makes no sense at all! This is only so that Bush and his rich friends can steal one of the largest sums in history. It won’t stop the bank from foreclosing on your house, and it won’t stop the super wealthy from pocketing all the money. Its a scam!

  • the 700B bailout is only good for the short term. Long term, it could hurt the US economy for more then anyone realizes.

    It will be interesting to see if something is decided on Bush’s term, or if he waits for McCain/Obama to decide what to do.

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