The Bailout is about YOU … like it or not.

As I have said in the recent past, damned if we do, damned if we dont.

Congress has rejected the bailout of the Wall Street banks.  The Republicans voted against the bill in even greater numbers than Democrats; the Minority leader indicated that emails and other communications by constituents was running nearly 100 to 1 against voting for the bailout….these guys are up for re-election and whereas they read about the rising unemployment rates back home, they don’t want to join that particular crowd.

The American people need to better understand what is going on here.  Yes, it has been tagged as a bailout for the “Wall Street Fat Cats” that got us into this mess, and it smacks of that indeed.  However, we are ALL affected by this =%@*!&@ mess!   This is how the credit crisis get to YOU, the men and women on the street

• Banks loan money to companies, short term cash to buy inventory and supplies to support the products and services the company sells.  Maybe it’s YOU that owns that company and can’t buy inventory for your Halloween store.  Maybe it will be YOU that goes out of business next. Read more
  Filed Under: Markets and Money, Small Business
  Tagged: government bailout, rescue package