Bailout Buzz
By now, the grand total of phone calls I have received over the past 48 hours is six…and still counting. Six people have contacted me and in the first 5 minutes of the conversation, we ended up discussing the bailout issue that our Government is trying to figure out.
What is my opinion? It really does not matter what I think…but I agree it has to be done. I watched the presidential debate on Friday night and that was a hot topic. Although nothing of what either candidate said that night really “sold” me on it. I guess I just realize that our economy is locked up and this is the best option to get things going again. It is what it is. If we do not pass it…the ripple effect would trickle down to the normal person faster than many people think. What I have found is the majority of people who are really against it do not really understand that larger picture of how things work nationally and globally when it comes to the economy. So hearing about a potential $700 Billion Bailout to Wall Street pretty much sends them over the edge. I understand their frustration especially since all of us are in the same boat struggling to put gas in the car and often silently wonder about the future of our job.
These are interesting times for the United States of America and a great lesson for the financial markets. Let us just hope that the next 4 years are better… So do not forget to vote in November.
