Sunday, December 14, 2008

Did Wall Street Bailout Help?

So, did the $700 million Wall Street Bailout help the regular citizens in the U.S? I haven't heard anything positive yet so I thought I'd ask and see if anybody else has. Did anybody who was struggling with their mortgage see any light from this?

I still see job losses left and right (with my husband's possible reduction to part-time a good possibility in the near future). Are our tax dollars that helped fund this $700 billion bail out going to help us pay our mortgage when my husband loses most his hours? I think not.

So, what's the answer? How do we get the economy going again? Goddess knows we've done more than our fair share of stimulating the economy with xmas presents this year (boy did it hurt too). We went overboard as usual, but if I'd known a month ago what I do now about the possibility of losing these hours, I'd have kept to the budget better...I think. Perhaps, I'd have gone overboard on our kids anyway because it's going to get rough after the New Year. Who knows.

So, let me figure this out:

If dh loses his hours, we've still funded the Wall Street bail out, might give a loan to the auto industry to bail them out, plus the new bankruptcy laws make it harder for the regular person to file to get help. So, where is our relief? Our tax dollars bail out big industry and I haven't seen any improvement yet...what about the little guy?

Depending on the government to fix this is just putting us into a bigger hole. What can WE do to turn the economy around? Any economists out there with answers?

1 comments:

Anonymous,  May 3, 2011 at 8:32 AM  

This is the first time I comment on your site, but I've been keeping up with your work for about a few months. I admire the passion with which you tell your stories and dream that someday I can do the same. Love

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