Well, Well, Well; Surprise, Surprise!

Okay, once again the powers that be appear to have screwed up royally. The bailout plan is out, then it's in, then it's out again. Personally, I have a problem that the individuals responsible are not going to be held accountable. The taxpayers are going to front the bill again. Should the bailout be approved, it is still a gamble. The investments do not have to become profitable in time for the economy to right itself. What right does George W. Bush have to ask the American people to clean up his train wreck? How could he stand in front of the American people and blame us for the situation of the economy?

The question now is "Do we have a deal. or don't we?" It is 10:02 PM EST and nothing seems to have been resolved. The game goes on.

Well, I am not surprised. Ever since GWB got in office, SNAFU seems to be the legacy of his administration. I guess we have to adopt a "wait "n" see" attitude and I bet it's going to be something. BS anyone?

Here We Go Again

The present economic crisis has everyone afraid of what could be. Many economists saw it coming and tried to warn us all. This new plan to bail out the suffering businesses is scary because the cost will most likely fall on the tax payer. Personally, I cannot afford the bill.

President Bush went on TV this evening and laid the blame on everything but where it belongs...on this administration! His administration's support of the credit industry has lead to the problems we face today. He stated that the influx of foreign investors started the ball rolling...not true! The failure of the Bush administration to hold the credit industry accountable for their predatory practices was the "beginning of the end".

The credit card industry has been one of the largest, (if not the largest), financial supporters of the Bush Presidency. Their campaign contributions kept the heat from the industry players. It started with the credit card industry and the primary way to slow the snowballing problem down is to make the credit card industry stop their predatory practices. The public needs to be made aware and encouraged to to STOP using those cards and begin purchasing what they can afford to pay cash for. Getting something you want with a 29% interest rate attached is anything but practical. Having to pay enough late fees that your minimum payment automatically doubles is not the smartest thing for a consumer to continue to accept.

My suggestion...cut up the cards. Keep one for dire emergency.. Use Cash for everything. Hold them accountable...Free yourself from the yoke of DEBT>

There are solutions..research and use them.

Egos, Economy, Elections

These are maddening times. Political egos are fragile, the election is approaching, and the economy is shot. We are forced to do more things with less resources. At the beginning of the war in Iraq, the president told us all we would have to tighten our belts. Since then, there have been tax cuts for the wealthy, more stress for the less fortunate. Sen. McCain pulled a smart move by naming Alaska's female governor as his running mate. Hey, she is ultra conservative, practically unkown and a potential salve for the wounded Hillary Clinton supporters who would like another alternative, besides Obama.

Okay, because of the Hurricane Gustav, the Republican Convention has been delayed a tad. There must be some distance, (if only in appearance), from the present administration. Remember, it took Bush a long time to react to the plight of Katrina. So many issues still remain unresolved and here comes another disaster.

I have been looking at other economic flags. Credit card fees are rising, it is hard as hell to get a loan. Foreclosures are still rising, gas prices are astronomical, and more companies are send their production factories out of the country. Even Hershey's Chocolate has begun the process of moving their production to Mexico. In the name of profit, a lot of Americans will be out of work and no one cares.

Well, strap in everyone...we have a rough ride ahead.