Monday, September 22, 2008

No Regulation!... help

In a time in which capitalism should be flourishing with exciting advancements in technology and tight competition that is evident by the hundreds of adds we are berated with each day, many people are stunned at what is happening in Wallstreet. They need help from our federal government. It is no surprise really, when the government doesn't step in when billions of dollars were invested in subprime mortgages that crashed and revealed the true achilles heal of our economy: with so much money on the line, there is no way we can operate without the government stepping in and questioning the greed and foolish investments that are made with taxpayers hard earned money.
It is no surprise now, that in these economic times of peril, that the fed has agreed to bail out not one, but two multi-billion dollar corporations from the sudden bankruptcy that shook the world at its economic foundation. The combined bailout from investment firm Leeman Brothers and insurance company AIG could reach over one trillion dollars leaving one heavy bill for the American taxpayers who are still burdened with unemployment and the cost of the war on terrorism. In times of peril, we do look to authority for strength and solutions.Whether it is our AS class willing to leap off the school at our teachers words during a simple practical joke, or Wallstreet hypocritically begging for the help from the fed. 
From all of this, I think we should be thankful our government doesn't go hammer and sickle on us to prevent further collapse. We as americans rely on Wallstreet to make smart, lasting decisions that won't burden our families further and that won't merely fuel the politcal storms on Capital Hill or in the elections.

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