Hey all. I am posting to hopefully get all of your insights regarding a topic that is sort of fuzzy to me: the US economy. I have to begin by confessing that I don’t know a lot (probably the main reason for writing to you guys). I tend to leave financial “issues” (like where to invest our money) to my husband, and my part is basically just to make sure the bills get paid on time.
Although I like to think of myself as a fairly well educated woman, I confess that I lack good knowledge about economics, and what sort of things drive the market to go up and down. But I CAN say, that I am feeling the pinch at the grocery store, which of course is concerning. And all this news regarding the state of affairs of the housing market was sort of background noise to me for a while, but as I paid more and more attention to it, I found myself feeling strangely angry about it all. That festering sort of came to a peak after the Bear-Stearns fallout. I was watching the news one afternoon and they were showing a bunch of people in matching yellow t-shirts picketing inside the Bear-Stearns building. The picketers were angry that the government had bailed out Bear-Stearns instead of bailing them out…….these were individuals who were knee deep in the mortgage crisis, and wanted to be bailed out.
Now I may not know much, and again, I underscore that I REALLY don’t understand a lot about money and finances, but I was really upset at these picketers! Putting aside the government’s $30 billion bail-out of Bear-Stearns……my thought was, if these people have the time to get matching t-shirts made and make signs and plan to put together that sort of “rally,” don’t they have the time to go out and WORK to try to help themselves out of their situation somehow?
And of course, in the midst of this all, it is an election year. There is a good chance that Senator Obama may be the next president. Hearing his plans for what he would do about the housing crisis upsets me too! Is it selfish and mean-spirited that I don’t want my (or rather, my husband’s) hard earned dollars (tax money) to go toward bailing out those yellow-t-shirted picketers and others who chose to live beyond their means?
Anyway, I’d really like to hear all of your opinions, especially since I’ve probably over simplified the whole situation based the little knowledge I have. Maybe I don’t know enough, so I shouldn’t be upset? Maybe all of these thoughts are so obvious and you all are sort of thinking, “so what?” I don’t know. What have you all been thinking or asking or questioning about the state of economics these days? Please comment, or write a new post so I can learn more!