I am frustrated and depressed, as are probably 95% of Americans (the rest are clueless). I can’t tell you if the financial bail-out is a necessary thing. I’m not a financial advisor, I don’t understand most of it. I can tell you that I – and a whole lot of my friends and family – are pissed off that it’s come to this. Whether or not this bailout happens – needed or not – the situation is bad and it’s getting worse. I watch the news with a sinking feeling.<\/p>\n
I’m furthermore pissed that the news media, as always, just seems to be sensationalising things and making people paranoid. I work at a bank now, did I mention that? Yeah. Most banks are just fine. Stocks suck, mortgage companies are causing havoc, but most consumer banks are just sitting back and watching. But people are all nervous and panicking now.<\/p>\n
I am really kind of confused about the new plan to increase the Federal Deposit Insurance (FDIC) limits from $100k to $250k per person. Okay, in theory this sounds like a good way to calm people down and protect them. But, umm, just last week I saw on the news about how people are concerned that there isn’t enough money in this fund to cover everyone’s insured deposits if some more banks should fail…. so they’re going to increase the limit and, what, conjure more money out of thin air?? (As my husband pointed out, apparently they can<\/i> conjure money out of thin air, a la $700 billion.)<\/p>\n
Plus? Whether or not this bailout money is necessary to stop the markets from collapsing completely, I want to hear some talk on how to prevent this from happening again<\/i>. Hello, next time let’s catch it before it becomes this serious, okay? No more bailouts, yes? Not sure how to do it – like I said, I sure as hell am not a financial advisor. But could someone<\/i> please start coming up with a plan on how to fix the problem, instead of handing over some cash and making Timmy promise he’ll never do it again?<\/p>\n
And they’re going to do all of this while cutting<\/i> taxes. (You did see the new proposal?) Right. I think they’re all morons at this point. Can anyone do simple arithmatic? Logic? Anyone?<\/p>\n
I know there have been worse times. There have been wars, the depression. But it’s slowly dawning on me that we’re in a war, heading straight to a recession, and I’m really wondering how this time in history is going to be looked back on. And I’m pretty pissed to be living it.<\/p>\n
I’m just pissed in general, I think. I think the Daily Show (which, by the way, was hysterical – if you favor that kind of humor) had it about right when it called it a giant clusterfuck.<\/p>\n","protected":false},"excerpt":{"rendered":"
I am frustrated and depressed, as are probably 95% of Americans (the rest are clueless). I can’t tell you if the financial bail-out is a necessary thing. I’m not a financial advisor, I don’t understand most of it. I can tell you that I – and a whole lot of my friends and family – […]<\/p>\n","protected":false},"author":71,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[67],"class_list":["post-1300","post","type-post","status-publish","format-standard","hentry","tag-other"],"_links":{"self":[{"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=\/wp\/v2\/posts\/1300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1300"}],"version-history":[{"count":0,"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=\/wp\/v2\/posts\/1300\/revisions"}],"wp:attachment":[{"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1300"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lunardreams.net\/baby\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}