I have had a completely crappy week.Â It seems as though the “macro” world and my “micro” world are in complete collapse.Â I tend to personalize and worry more than I probably should about the state of the nation and the world around us.Â But this week has been a collision of bad news all around it seems.
My first reaction to the news of the bailout last weekend was — “No way shouldÂ responsible, honest and timely mortgage owners andÂ taxpayers shoulder the burden of those institutions and Americans who bit off more than they could chew.”Â Â Sure, tough love — but $700 BILLION dollars?!?
Over the past week, I have listened to all sides of the issue — and paid special attention to folks like Jack Welch and Larry Kudlow.Â And I have to say that I can’t stray away from my initial default decision on this:Â “NO WAY.”
I understand the issue, I understand the need to unfreeze the credit markets.Â But what I think most pundits are missing is that I do not trust our government and business institutions any more.Â Not one bit.Â I don’t trust them to do anything anymore.Â I certainly don’t trust them to responsibly handle $700 BILLION dollars.
Our national government cannot even control our own border, manage its own spending, and execute a worldwide war on Islamism without major mistakes.Â Â For the most part, our public school systems are turning out politically-correct, self-absorbed kids that don’t know the first thing about our government and why the USA wasÂ born 200 years ago.
This is not confined to the Bush Administration.Â Simply put, the US Federal Government has demonstrated sheer and continued incompetence from the Oval Office to Capitol Hill to every dumb-ass mediocre bureaucrat throughout every agency of the Federal Government for the past two decades.
I fear our nation and perhaps what we think of “normal” is on the verge of changing radically.Â
For now, I am calling my US Senators and Congresswoman and urging them (for now) to VOTE NO on the bailout — without major changes to satisfy We, The People.