Wednesday, September 24, 2008

Neighbors & Bailing Out Wall St

I had what I thought was a friendly moment with the Asian looking woman this afternoon. She had come out of the house to put some mail in their mailbox just as I was coming in from work. Five of the puppies followed her out the door. They wandered over to my yard and she frantically tried to shoo them back to her yard. I complimented the puppies several times; they really were cute little things, and I asked what breed they were. She said they were "blue pits," and she was going to sell them for a friend.

I am extremely unhappy about this bailout of Wall Street. Thanks to Reagan's deregulation and "trickle down" theory and the Republicans gorging at the public trough, we've all been getting screwed for decades now. And now these guys want the government to bail them out; they want a blank check and they want it right now. Just ask Paulson; he'll tell you the economy will tank if Congress doesn't bail them out within a week.

And what, exactly, are we, the lowly taxpayer, getting out of this? (Pass the vaseline, please.) I've watched my 401(k) drop by nearly half this year, most of the losses from the past four months. I'll never be able to retire with what I and my employer contribute to my 401(k) as long as this crap keeps happening. Yes, I know eventually the economy will turn around, but how many years will it take?

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