Wednesday, October 15, 2008

We're on the rebound!!!

I heard one of the most rediculous things I have ever heard yesterday. I was watching CNBC and the status of the stock market and the announcer said, "The economy is on the rebound due to the governments rescue package." I don't know if he realizes that the "economy" is not just Wall Street. The economy is your neighbor, yourself and me. I don't think your neighbor is being helped by anything the government did in the "rescue" package. I also don't think you or I are being helped, or our accounts payable to recievable ratio is being helped any. Wages are stagnant, prices are higher for everything, and unemployment is going up. Yeah it really sounds like "the economy is on the rebound." These people just don't understand that what happens on Wall Street only really helps the top 10% of Americans. Yeah it is most of America's retirement and the only hope that we have that we can stop making the rich richer and finally enjoying life, but if it were to completely crash, it would not effect our bank accounts. This tells me that if the economic advisors on the television are directly linking the economy to the stock market, then we have a real problem with perception. We are in a recession. Unemployment has been going up for the past 3 quarters, GDP has gone down for the past 4 quarters and inports have gone up every quarter for the past 3 years. If that is not a recession I don't know what is, yet the stock market has only been going down drastically for the past couple of weeks. The GOP and all of their crooneys have been saying for a whole year now that the economy isn't in a recession because unemployment is in single digits, and production is going up, but now that Wall Street has crashed they are in a panic to throw blame around as to how we got into this predicament and how it is all the democrats fault. The Democrats have been saying the economy is in really bad shape and it is going to go down, but they didn't do anything about it and now they are blaming the republicans because they had control of the Congress and the White House for the 6 years before they got control. Well I have news for both of them, it is both of their faults and that is why I will not vote for either of them to go back into their jobs. I think that the Government of our great country has completely forgotten who they work for. I do believe that they are there to pass laws that we want, to raise money for causes we want, and to make sure that noone there does the things we don't want. The 700 billion dollar bailout was one of those things we didn't want and it was done, way to listen to our voice. I have to say that a 10 trillion dollar deficit that is split up to the 300 million American's means that each and every man, woman and child in America, owes people all over the world, $33,333.33 each. That is more than about 50% of American's make per year. I have never had a job where I would make that in a year. There aren't very many people who would be able to afford to pay this amount off and still be able to live. If you wanted to pay off your part of the debt you would have to donate $91.32 every day to the US Government. To break that up into hours would be $3.81, and that means more than 6 cents per minute. It would also mean that if you were to be working a 40 hour week you would have to make just over $16/hr and give all of up in taxes. Yeah!!! I sure am glad that with all of this information staring me in the face, the guy on TV told me the economy was on the rebound because I was starting to think pessimistically. PHEW! Well, I guess I don't know as much as they do.