Well, it seems just about everyone and their dog has given their opinion on the bailout, so I somehow feel I am obligated to follow suit. Just to get it out of my system, here it is: it's a bad idea.
There, I said it. Yes, go ahead and throw stones at me, but I just don't see how this bailout will benefit the U.S. in the long run. Contrare to what John Stewart and his team of writers believe, I don't think it was such a bad thing that this bill was shut down in Washington. I mean the plan was to give all of the money to the Secretary of the State, and allow him to decide where it should go. This is just absolutely wrong.
Giving a NON-ELECTED official that kind of money is insane. Did the American people nominate him to his post? No. Now this doesn't automatically mean that the Secretary of State would do a bad job with the money, but it is always wrong to give non-elected officials this much power.
Another problem with this bill is what it would do to the already weakened American dollar. I personally am a travel enthusiast, and I shudder when I think about what would happen to the value of the dollar upon the passage of this bill. While it is true that the money for this bill is going to be coming from the taxpayers, more money will still have to be printed from the U.S. mint. The more money we have in circulation in the U.S. the larger the decrease in value we will see in the American dollar. In other words, goodbye to those study abroad programs I could already barely afford.
Oh well, these are just the thoughts of a travel happy guy from Kansas City, goodnight.
Call me a bad American, but I honestly find the whole situation hilarious. I think that something truly bad has to happen to this country for our government to take action and I think this whole situation is the push we need, not that I could really expect Bush to get something effective done anyways, but it's wishful thinking.
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Do you find it odd that you are not as strong as you once thought?