It's mind boggling that not one State spoke out during the Congressional Wall Street Bail Out proceedings. Once the 700 Billion dollars was given away to the corporate Fat Cats then and only then does the Republican Governor from California asks for a $7 billion dollar loan.
Now another state and a major city are announcing major financial problems. The Democratic State Treasurer--Timothy Cahill-- of Massachusetts reports that the state cannot obtain a loan. Cahill wants the Federal Government to give Massachusetts a loan under the same terms the investment banks obtained their bail out. The City of Dallas is laying off 1100 employees due to indebtedness of 84 million dollars.
Congress should have NOT bailed out the Wall Street corporate fat cats and used the money so the 50 states in this country would be able to create jobs not lose them.
Buzz...Buzz....
4 comments:
Congratulations. You finally found a Bush Administration policy which justifies that accusation.
Wish I could argue with it.
James....I wish you could argue the point and win it b/c you were right...,we both realize the reality is really bleak at the moment unfortunately....
buzz...buzz...
With the stock going under and our economy slowing down, we need all the financial options we can get. Although there have been many plans to bail out banks and try to get the economy running, there isn’t any kind of relief coming for many months ahead of us. We, as Americans, should try and start to get on our feet without the help of the government. When something unexpected arises, such as a flat tire or little Jimmy needing stitches, there should be a valid, quick, easy, and affordable option for anyone who would need temporary relief without the lending of taxpayers money. The payday loan industry is a great way to try and get that temporary relief we all have been searching for. They can provide the satisfaction that you need quickly, providing such perks as online application so you can get one anywhere, anytime, with direct deposit, so when you are quickly approved, you can use the money in a matter of hours. They work with you and the amount that you get paid, so you don’t have to worry about getting in over your head.
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