Tuesday, September 23, 2008

The Great Depression Part II

"It's funny how money changes situations."
- Lauryn Hill

The United States of America, a land of once unfathomable wealth and resources, is now entering a darker stage of its history.
The bank crisis has hit with big Wall Street firms like Lehman Brothers filing for bankruptcy, Merrill Lynch giving selling itself to Bank of America, and the government giving an $85 billion loan to AIG to keep itself afloat. It should come to no surprise of course that our wonderful government wants all of us little people to pay more taxes to keep the big firms alive.

If this doesn't make sense to you either please raise your hand.
Wall Street is taking a hard hit, the US is in a tedious recession and has been for quite some time. But what is a recession?

12 dictionary results for: recession
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This re·ces·sion1 [ri-sesh-uhn] Pronunciation Key - Show IPA Pronunciation –noun
1.the act of receding or withdrawing.
2.a receding part of a wall, building, etc.
3.a withdrawing procession, as at the end of a religious service.
4.Economics. a period of an economic contraction, sometimes limited in scope or duration. Compare depression (def. 7).

It's the last one that applies to us here : )

You see, I think that the government using the peoples tax dollars to basically bail out big companies to end this recession is just the most unAmerican and ludacris idea. I don't invest in these companies so why the **** (explative) should I pay to keep them alive? The government is trying to cover the economic disaster the Bush administration has brought unto us by paying with tax payers dollars to keep PRIVATE companies afloat.

If you're still confused please join my mind.

I don't get how its remotely acceptable for my hard earned money to go to this silly AIG company. I'd much rather my money go to a place like Cappy's Pizza and Subs..... on a late Saturday morning.... when I'm hungry.....for pizza, not to some elitist insurance company that I'm probably not even qualified to be insured with.

Ron Paul, wrote a very interesting article exclusivly for cnn about this, he believes and I agree that government intervention in the market only leads to inflation and false numbers and will end poorly. Ron Paul Article. He said this:

Until the big-government apologists realize the error of their ways, and until vocal free-market advocates act in a manner which buttresses their rhetoric, I am afraid we are headed for a rough ride.

It's a good read and definitely fills in some of the blanks regarding this financial crunch we're in.

Get the government out of my wallet, get the government out of my life, together let us cry.....FREEDOM!!!!

p.s. sign ups for the revolution will be held after class.

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