The elections are over and I see those who bought into the "change we can believe in" hanging on, believing that change is coming. Having no other choice, I can only hope for the best.
However, it is no surprise to hear that change is not forthcoming, that the financial crisis will only be worse before it gets better. The incoming administration has not in any way put forward how to bring about the change that this country critically needs. The President-elect is playing it safe by being vague and uncertain about what will be done. His choice of advisors and cabinet members does not eliminate the uncertainty in our financial markets at all. His economic team are woven from the same cloth worn by those who put us into the financial mess we are in.
The bailouts serve only to quell the heightened desperation over this financial crisis for a day and the stock market will be back down to where it was until another bailout is doled out to someone else begging for it. It's pathetic.
As I have always pointed out, middle class America needs the bailout. More of them are losing their jobs, incurring more debt, risking foreclosure and above all, spending less. We have a runaway train. Distributing another economic stimulus check will not help the economy at all. Let's try a different approach.
How about HARP- Hurting Americans Relief Program? The taxpayers' money should be made available to them in their time of crisis. Congress should be looking into the mechanics to implement it yesterday. Political discussions about creating jobs, etc as we know remain just that for a good many years.
When Main Street has the funds to pay bills, meet their mortgage and rent payments, and recover some of the losses in their retirement plans, the economy will get the boost it needs. At that time, Wall Street will be back in business.
http://riyah6.blogspot.com
About Me
- zoni
- I'm your next door neighbor with serious concerns about our America. Most people have been silent about things that matter because they do not have the facts. This blog's mission is to educate you about the issues that impact your financial security, your health and your values. In the words of Dr. Martin Luther King, "Our lives begin to end, the day we become silent about things that matter". Speak the truth. Be empowered and stand on the facts. Rise in righteous indignation and together we can effect the change to take back America.
1 comment:
Thank you for taking the time to tell it like it is. The truth is we need to elect all new representatives to both Congress and the Senate. These lawyer millionaires just don't relate to the Average Jo. Representation for the people has been deluted. We now have representation that votes what "I", the representative things is best for me.
Keep up the good work and write more.
Thanks,
Average Jo
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