Of course, I realize that the economy is in a slowdown; but what I cannot comprehend is why billions of taxpayers’ money is being funneled into Wall Street, Insurance Companies, the Automobile Industry and the like; when they have done nothing to help themselves with the exception of laying off workers who, without their jobs, are faced with being near bankruptcy.
The huge bonuses for the C.E.O’s. and major investors are still being paid as well as the thousands of cash back dollars that are being offered to anyone willing to purchase a new automobile.Â All this is is still happening at the same time that Joe, The Plumber is faced with the loss of his home.
There is talk of another stimulus package for individuals, in hopes that they will rush out and spend; therefore, boosting sales and allowing the bonuses to continue.Â One question that comes to mind is, if the Automotive Industry is in such dire need, where is the cash back coming from?
Would it not be better to lower the price of goods and services to within reach of the struggling citizens rather than charge an enormous price and then return a portion of it?
In reality, if the stimulus package is approved, each individual will receive less than a fraction of what will be awarded to top executives in the form of bonuses.
We have elected a new President and almost as soon as the ballots were counted, the price of oil and gasoline began steadily dropping.Â As of this writing, the cost of unleaded gasoline is 1/2 what it was before the election.Â Does this not tell us something?
Perhaps the new administration will keep better tabs on the skyrocketing prices as well as the outlandish outlay of money to top executives in the form of gifts and bonuses.Â The Joe, The Plumbers of our great country have grown tired of “The rich get richer while the poor get poorer.”Â They have proven this point in this last election.
If our leaders wish to help strengthen the economy; why not start by bailing out all the taxpaying citizens instead of adding more taxpayers money to the already wealthy?
My Opinionated Opinion.
Politicians take note: – The probability of your being watched is directly proportional to the stupidity of your act.