Got to love predatory economics. I mean damn the unions, and their over priced under worked members, who demand top dollar for menial labor, and massive retirement benefits. Wait... what am I on about? I forgot... Oh bloody heck, I think I am suffering from some form of dementia, but because of my preexisting history of concussions.... Oh never mind.
Here is how I see it, the bailouts went to the wrong groups. That 700 billion dollars should have gone to the American people who made under x amount of dollars per year. I leave the x amount of dollars per year to all of you, as I feel/fear that you, the people in this community, have the common sense to see where this is going. I have said since day one, when Dubya started this bailout debacle, that people know what they owe, and given the opportunity to be debt free, be secure with their vehicles and homes, would opt to pay off their debts. Those with less debt, would most likely spend that money for odds and ends things that they needed or wanted. "Hey, I need a new truck/car or both, and without this x amount of dollars I could not afford one, so let me go to the dealership and buy a brand spanking new one." That bails out the car markers. Another guy "hey I owe x amount of dollars on my home, let me take this money and pay off as much of my mortgage as I can..." hey banks are dropping their toxic debt.
You cannot build anything from the roof down, you have to build from the ground up. The stronger the poor and middle classes are, the stronger the economy becomes, because they drive the everyday economy. They buy the majority of things, they are the 99%.
Credits & Style Info
Talk Politics. A place to discuss politics without egomaniacal mods
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
(no subject)
Date: 30/11/11 18:44 (UTC)Here is how I see it, the bailouts went to the wrong groups. That 700 billion dollars should have gone to the American people who made under x amount of dollars per year. I leave the x amount of dollars per year to all of you, as I feel/fear that you, the people in this community, have the common sense to see where this is going. I have said since day one, when Dubya started this bailout debacle, that people know what they owe, and given the opportunity to be debt free, be secure with their vehicles and homes, would opt to pay off their debts. Those with less debt, would most likely spend that money for odds and ends things that they needed or wanted. "Hey, I need a new truck/car or both, and without this x amount of dollars I could not afford one, so let me go to the dealership and buy a brand spanking new one." That bails out the car markers. Another guy "hey I owe x amount of dollars on my home, let me take this money and pay off as much of my mortgage as I can..." hey banks are dropping their toxic debt.
You cannot build anything from the roof down, you have to build from the ground up. The stronger the poor and middle classes are, the stronger the economy becomes, because they drive the everyday economy. They buy the majority of things, they are the 99%.