The State of our USA Economy Crisis, Collapsing Banks, $700 Billion Tax Payers Bailout between John McCain and Barack Obama and the Country’s Future For Our US ChildrenFriday, September 26th, 2008
Dear Readers and Promotional Product users,
This week at www.AlphaPromoWorld.com and The Alpha Promo Branding & Marketing Blog & On-Line Promotional Customer Service Chat we would like to discuss and evaluate the United States and Global Economy’s current Economical concerns. Usually, we as a wholesale promotional products Florida Supplier, do not get involved in Politics other than to produce Bumper Stickers, Hand Fans, Political Corrugated Signs, Pens, Shirt Buttons, Shirts and Hats, etc. However, judging from the recent Rollercoaster crisis of United States Wall Street, The Dow, The Nasdaq, Oil Prices and Gas shortages, we couldn’t help but comment on this issue. This is a crisis that not only affects our US Businesses, but the Economy of the World and it’s future. Whether you read articles on www.CNN.com, www.drudgereport.com, www.CNNMoney.com, or web internet surf through the many Political Anaylsis Blogs on this Ecomomy disaster, it begins with stories on Fannie Mae and Freddie Mac, and progresses to The Bear of Wall St, the critical decisions of Congress to act, JP Morgan to buy WaMu (Washington Mutual) and Senate Republicans trying to block a stimulus bill. It goes on and on. The American Dollar is to suffer, making for a tough consumer market and bad financial news from economists for Retail during the Christmas December Holidays. The Treasury Secretary is dancing with Nancy Pelosi, Republicans and Democrats alike are sweating bullets, Sarah Palin is keeping the interviews (Except for Katie Couric) to a bare (Bear) minimum, George Bush has presented a record number of recent direct speech addresses to “We The People” and the fate of Home and Loan Mortgages hang in the Balance. Waiting by the big move from Washington D.C and it’s Politicians.
One client of ours, www.ZombieMall.com, decided to speak out on their Blog, with this topic that doesn’t usually come up in the Land of Zombies. We thought it had some great insight, although please keep in mind when reading, that Zombies sometimes speak a different language than us. So, reader- Ye Be Warned! Enjoy…..
Okay, so what the hell is a site devoted to zombies and vampires, and things of horror have to do with politics? Well, nothing really. Except that I have a voice to speak about this. Any of you who watched George w. Bush’s speech last night knows what he said. For those that missed it, in essence he stated that “Our entire economy is in danger,” and that “Any rescue plan should also be designed to ensure that taxpayers are protected,” President Bush said. “It should welcome the participation of financial institutions, large and small. It should make certain that failed executives do not receive a windfall from your tax dollars. It should establish a bipartisan board to oversee the plan’s implementation. And it should be enacted as soon as possible.”
He further went on to propose a $700 BILLION dollar bail out to give to companies like Freddie Mac and Fannie Mae.
That is.. He wants to spend OUR tax dollars to bail out these mortgage lenders (read glorified banks), so that they can lend their customers more money. How in the hell is that bailing anyone out? It’s just giving them more bullets with which to load their gun! This $700 BILLION dollar bail out is not going to boost the economy, it is not going to save anyone’s home if they cannot afford to pay for it; all it’s going to do is provide some hosh-posh people that work at a glorified bank to continue to have a damn job!
What President Bush FAILED to mention was the real issue at hand. Our economy is in ruins right now because no-one can afford anything. It’s got nothing, NADA, to do with a failed Fannie Mae! Our economy was in the crapper before Freddie Mac went crying to the Federal Reserve for help! Why?
Gas Prices. We cannot afford to do shit because of how high the gas prices are, that in turn makes the price of everything else go up. Gallon of gas is on average $3.79 where I live. A gallon of milk; $3.98. I heard that yesterday there was a “convoy” of truckers that were going to protest the cost of gas by doing a no-drive strike in Washington DC. I never heard anything more about that; but thing about it…
This is the heart of the problem there Mr. President Bush. NOT using our tax dollars to Bail Out mortgage lenders, so their executives can continue to hold a position and continue to make tripple digit incomes. The heart of the problem is the fact that the majority of the working class American wroks hard to earn the pittiful pay they do make; do not get any raises or compensation; yet continue to see prices all around rise. I make work 2 jobs, I make $9.00 an hour, a little more than minimum wage. Yet, despite all the rising costs; despite the rise in cost of the products that my employer has made over the past 6 months, I have not recieved a raise. Noone where I work has.
What’s going to happen when the price of gas per gallon meets or exceeds minimum wage?
No shit our economy is in danger. Actually, it’s not our economy. Our economy is just fine. It’s the raping and pillaging of the hard working class and the abuse and price gouging that we are forced to endure that is the real danger. There is only so much we can take before we snap. We are all race cars in the red, and we, as a whole, are ready to blow.
Focus less of a $700 BILLION bail out, that is only going to allow lenders to lend out more money to a country that cannot afford to pay back their current loans, and instead focus on investing that into increasing the income of the people who work hard to support the country and the businesses that drive the economy!
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