I did not watch President Bush's speech on the economy.
Why not?
His lips were moving.
Now, as for Hank Paulson, Secretary of Treasury, I have a hard time accepting what he says because his latest stint from 1999 to 2006, was as Chairman and Chief Executive Officer of Goldman Sachs, one of the firms that will likely get a little help from its friend, if he is given the authority. Hmmmm -- 1999 to 2006. That would be the time when all this flim-flam was being foisted upon the American populace.
I have yet to hear about how this bail-out is going to help the regular people. The doomsayers say: "Depression!" The doomsayers say: "12% unemployment by Monday!"
Gee, could some of the $700,000,000,000 be used to put the unemployed back to work? Public works programs featuring infrastructure repairs that put people back to work? There's a temp agency across the street (two doors down from Adult Mart, for all who care to know). More and more people wanting work have gathered there over the last three years -- yeah, they want to work, and show up at about 5:30 in the morning to register on a first-come, first-served basis.
I'm no financial genius like Henry Paulson, who ran one of those investment firms that are close to the action and close to the edge of disaster. I'm just a regular guy looking around at regular people losing their jobs, losing their homes, and looking at those who have caused all this chaos, pain, and suffering because of greed now wanting hand-outs to the tune of $700 billion. Why don't these companies go after the executives who guided these firms into such financial ruin to return the tens of millions of dollars in bonuses, pay, and other remuneration they received each year -- you know, CEO's just like Henry Paulson.
I'd rather Pat Paulsen be put in charge.
Perhaps, we need to turn to witchcraft.
Posted by Bill at September 24, 2008 11:06 PMI didn't watch the speech for the very same reason!
My question is where does the $700B go? WHO gets it?
Posted by: tj at September 25, 2008 01:38 PM