Most average citizens in this country are adamantly against the Federal Bailout of Wall Street citing a barrage of legitimate reasons why. However, it is very necessary in avoiding another Great Depression. It is the reasons why they have to be rescued that stink.
Anyone who believes the bailout is not necessary is looking at the world through rose-colored glasses and living in their own world detached from reality.
The truth is if we were to let the corporations tank the unemployment rate would rise dramatically, well into the double digits, pay for those who are lucky enough to still have a job would be drastically cut and paying for what you owe would become impossible. There would be more homeless people than those with a roof over their head and feeding a family would be next to impossible.
Crime rates would climb into an unprecedented high as formerly law abiding citizens are forced to take what they must have creating a mass underground society within the existing one.
Unfortunately, the Fat Cats of Wall Street keep the American and world economies afloat. The millions they spend trickle down to the welfare of the average working American.
As disgusting as it is we have to have our financial institutions in good shape at all times including Government intervention.
We could not afford to let Corporate America go down the tubes because as it did so would we.
It is the reasons for the bailout that are disgusting. If you paid attention to the financial goings on from 2004, it would not have to be a genus to see all this coming. For example, housing prices became so out of control that middle class to lower class properties were selling at prices one would expect to see in neighborhoods such as Newport Beach, California near the water. With this going on the prices of everything else rose to insane levels. One could see hard times coming soon because an economy based on such outrageous greed could not sustain itself for any long period.
We do not have fools as politicians in Washington D.C. and you can bet they were aware of the ultimate outcome of such a runaway economy long before it became apparent to the average citizen.
The bailout is part of the overall scheme by those in power who are directing events for an outcome of their choosing. It is the handful of individuals who some refer to as The Illuminati. This elite group of people has been creating events in our American and world Society ever since Colonial Days and in modern times as well. They have been responsible for the Assignations of Abraham Lincoln, John Fitzgerald Kennedy and a number of world leaders. This group is also responsible for 9-11 and a host of terrorist acts around the world.
None of the created events they have manifested has been doubt free. Questions remain on all of them such as the J.F.K Assignation where so many unanswered questions remain regarding the shooter and the 9-11 so called terrorist act where more questions raised than were ever answered as to who did it, why and how it was done. These created events would not have any unanswered doubts at all if they were legitimate because the proof would be clear-cut. As it is, we are presented with lies that cannot be clearly sorted out because in hiding the true perpetrators and cause they have muddied the water to the point that even the most ill informed and mind busy with day to day living could see through the thin veil of deception.
The current financial crisis is no different. It is the failure of Wall Street that is the cause for an action of total takeover of the free financial market by the Federal Government. This action allows the Government to take control of every aspect of daily living by all citizenry from the bottom up to the wealthiest.
Again, we have been duped into believing that this Government Intervention of the entire financial market was necessary to avoid an outright depression. The actual act of the Federal Government bailing out Wall Street really is necessary to avoid a total catastrophe of bankruptcy of the free financial market, however its plan is again flawed as all its schemes in the past were because we can clearly see the finagling that was going on behind the scenes over the past 8 years that brought us to this situation we now face.
9-11 was a hit to the financial world as The Twin Towers were places where the nucleuses of the world’s financial markets were housed. The 9-11 attacks were the beginning of a series of events that has brought us to the financial crisis we are now facing. This government within the government has painted us with a picture presenting us with an image of being saved by Uncle Sam from disaster, but the reality is the Federal Government will actually own all there is in our existence making us slaves to its whelms whenever it chooses. The Feds influenced the markets out come to what it is now through fear of terrorism on crude oil facilities around the world, embargoes of oil supplies by terrorist supporting countries and a volatile market operating on fears of massive deficits from the unnecessary wars stemming from the 9-11 attacks.
This Government Deception was orchestrated and fine-tuned to the point that it made the average American feel great to acquire the massively overinflated housing loans that could never be paid.
Thus, we are in a conundrum now of having the choice of going into a depression or letting the Federal Government own every aspect of our existence.