Total Pageviews

Wednesday, December 10, 2008

Show me the MONEY

I keep up with current events alot, maybe too much. I have been watching the bailouts of Wall Street and proposed assistance to the Auto industry. I can't even visualize what 1 billion dollars looks like, much less 700. That bunch at AIG are unbelieveable. They get all this money and hand out bonuses. The government ought to take it all back and let them sink, I don't give a damn.
The big 3 needs help. When credit dried up, nobody bought vehicles. I will never buy another new car. I will never be able to afford it. In 1994 we bought a new Jeep Cherokee, we still have it. It has manual windows and is very basic. It cost $17,000 back then and 5 years of monthly payments of $369 was very long time. The general financials of the average person really is going to be stretched to buy a $30,000 vehicle.
I don't want to sound like a beggar, but if the governement gave every household $50,000, imagine what that would do for the economy. It would be enough that everyone would be comfortable spending money. I would not spend it on a $40,000 SUV, but would buy some new clothes, replace this sagging computer desk, and probably buy a 52 inch HDTV. That is the three things that come to mind, but I am sure I could find something else to buy and even save some.
I know, we don't have to worry about this. The $700,000,000,000 that went to Wall Street, could really save us all. A Social Security Disability person such as myself, will not feel the slightest change in our situation from the govt's actions.
Good Day, MT

No comments: