Is everyone as confused as I am?

@Arkie69 (2156)
United States
September 19, 2008 12:20pm CST
I have watched Fox News all morning and now I am more confused than I was yesterday. I don't claim to be an expert on the Economy but I dfo have a pretty good understanding of how it works. Most of what I am hearing come out of the expets mouths makes very little sense. I have also watched the stock market all morning. Usually the stok market will tell you what is good or not good for the consumer. Generally the stock market reflects what is good for the investers. Also most of us know that what is good for the large investors is not always good for the consumer. When McCain starting talking this morning the Dow was at +25. In less than 30 minutes after McCain finished his speach the Dow had risen to over +400. I agreed with most of what McCain said but evidently so did the large investers. Then Bush spoke and the Dow remained almost +400. I didn't like some of what Bush said but again the investers did. Then later Obama came in and tossed in his 2 cents worth. The Dow still remaind solid and the last time I looked had risen to over +425. My big question now is are all three of these people trying to shaft the consumer? What Bush said that really upset me is he made the statement that since the FDIC was installed there has never been a penny lost by the banks. Then he says the government now plans to buy all the bad loans the banks have on hand. The FDIC was set up to protect the people that entrust their hard earned money to the banks. It was not set up to repay the banks for what they looses due to their stupid greedy mistakes. If the government does buy these bad loan from the banks then they need to hand the titles to these houses to the people that couldn't afford to pay for them. They won't do this though because it wouldn't be good for the big money people that control Washington. The health of our economy has always depended on the consumers ability to pay their bills and buy the things they need and want. I say instead of giving hundreds of billions of dollars to the jerks that have caused this mess hoping it will some day trickle down to the comsumer I say give it directly to the people and let them spend it paying the payments on their houses and cars. That way it can trickle up and do the job it should all the way back to the top. At this point I just can't see any hope that the consumer can win this thing and as always the people that can afford it the least are the ones that will get hurt the most.
3 responses
@baileycows (3669)
• United States
19 Sep 08
To me all this sounds so strange. It is like the government is now buying everything and does that not sound like communism or what. Eventually they are going to own everything and somebody will be getting rich in martens.
@Arkie69 (2156)
• United States
19 Sep 08
There is something going on and I haven't been able to put my finger exactly on it yet. I can't help but get the feeling that someone is trying hard to crash our economy. And If that is the case I don't believe it would be coming from outside the US. Is it possible this is a plan that would let the big money people and the government wind up owing most of this country? From what I am seeing that is only thing that makes any sense. There is no doubt in my mind some special interests are using our Government to gain control of the bulk of the worlds oil. They know the ones that wind up controlling most of the oil will rule the world. Are these people wanting everything and have every intention of getting it?.
• United States
19 Sep 08
Well I have been watching Glenn Beck each night and listening to those people to me it is crazy. I mean they are bailing out companies when we have a 9 trillion dollar debt come on. It is crazy. I cant figure out what it is either. But I feel something bad if about to happen soon.
@Arkie69 (2156)
• United States
20 Sep 08
Hi Bailey, After today I think I am even more confused. Why on earth would anyone want to bail out the bankers that created this whole mess we are in? Then they will let the banks hold the paper on the houses and resell them. Something was said today about selling the houses for about 50 cents on the dollar. There is only one way our government can have the kind of money to do all these give always and they is they have cranked up the printing presses and letting them print money 24/7. If this is what has happened and other countries learn about it our dollar won't be worth the paper if is printed on.
@peavey (16473)
• United States
20 Sep 08
I agree... it does not make sense. As you said, the health of our economy depends on the consumer's economic position. If/when we can no longer buy the things we need and we're too far in debt to think of getting out, guess who will be there with a hand out? The government. They will have all the assets and we'll be enslaved in a sense. Kind of like socialism, but maybe even more sobering. Like it or not, the USA is changing quickly.
@peavey (16473)
• United States
20 Sep 08
Another thing... I don't agree with everything that Bush has done or is doing, so I'm not taking up for him. But I do think that he's become the whipping boy for something bigger, for both Republicans and Democrats.
@Arkie69 (2156)
• United States
20 Sep 08
I agree totally. Bush is being used by anyone that can make a dollar by doing so. I don't like Bush and never have but all this isn't his fault. I do believe he could have clamped down and prevented some of this mess. There are too many powerful big money people running Washington and it needs to stop.
@dogsnme (1266)
• United States
20 Sep 08
I agree it is confusing and it looks like the consumer will get screwed again. But, I don't think blame, or at least not all of it should be placed on the politicians. I think some if not all the blame should be placed on the consumer, the American citizens. I'm sure I'll get some flak because of this but I believe it's true. We have put too much faith in our government. We seem to go about our everyday lives, working and playing, with the attitude that it's not our place to worry about what the government is doing. We blame the politicians or watch the politicians during an election year blame each other for being out of touch with the public and the issues in their lives when I believe that it is really us who has become out of touch with the politicians and the government in which they work. The dictionary says that a democracy is government by the people. But I wonder how many people really keep up with what goes on in the government. We listen to the politicians talk about how to fix the economy. For example, we listen to Barack Obama talk about his plan to to raise taxes only on the rich. I wonder how many people know that this idea is also called income redistribution and I also wonder how many people know that income redistribution is a principle of Socialism. I wonder how many of us has friends, or knows of someone, that when we bring up a political topic or mention a certain politician by name, they have no idea who or what it is we are talking about but they can tell you the name of every AMERICAN IDOL winner. Have you ever watched Jay Leno on the TONIGHT SHOW go out on the street and ask passersby a particular history or politically related question, such as who a person is in a photo, and the majority of people can't answer the question correctly, but when he asks them to give the name of a celebrity in a particular photograph they nail it every time. I wonder how many of us could have answered the questions correctly. We laugh at these scenarios but when we realize just how little these people seem to know about the serious issues, it isn't very funny at all. The less we pay attention to what government is doing the more they are able to take advantage of us and the more power they gain in the process. We elect the politicians, we give them their jobs. But after the election we seem to just go back to our everyday lives and ignore what government is doing until the next election comes around. We want our politicians to perform their duties without all the corruption, and to clean up their acts. But, that won't happen until we take some responsibility and demand on a day to day basis that they do so.
@Arkie69 (2156)
• United States
20 Sep 08
You won't catch any flak from me. I agree with you we are all at fault for this mess. We are wrong to set on our hands and do nothing and it's also wrong for the politicians to take advantage of us. The form of government we have gives the people the right and the power to run this country. The consumer has always been in control of the prices but he doesn't use this control. These people we send to Washington are our employees and they work for us. They are supposed to also do their jobs according to our instructions. The problem is we are not instructing them so they can do anything they want to and we let them get away with it. I don't care if we have to go to the poles and vote every Tuesday we need to vote on any changes that effect us and any new laws. Everything the Government should be on National TV for all to see. That's the only way we will ever be able to stay informed like we should. It doesn't matter if it takes 20 different channels to get it all to the people. Now, I can't help but wonder just how much of the things that have happened that has brought this mess on us was very carefully planned before it happened. Our government and the people that made all the mistakes had to know what was happening and also the outcome it would produce. I just don't believe our government would sit still for it unless they were in on it. After reading the unclassified documents that explains "Operation Northwoods" nothing they do would surprise me.