Where is my bail out?

[Thegoodlife]

!st let me say that I truly voted for Barack Obama for his ideas and not because he is a black man. I know he came into a mess, but I believe he is making the mess even greater with all of these bail outs. One of the things he said when he was running for the office in which he now holds. He said, " I don't believe in trickle down economics. Looking out for the rich and hoping it will reach down to the middle class and poor folks." That bail out is just that looking out for the rich and hoping it make its way to us. Guess what its not working! every month 500,000 people are losing their jobs and they continue to bail these companies out, that's crazy. About $1.3 trillion dollars have been given way in these bail outs in less than 6 months. Still no sign of an end. They are talking about maybe 4 years before the market straighten itself back out. So truly was the bail out really needed since my out look is messed up for at least 4 years?

Here's what I think should have happen. They should have created a pay it back system like they got with student loans and offer that money to the american people. Bail us out and have a no interest loan like they gave them up to $30,000 so many of us could consolidate some of that unwanted debt. The banks, lenders, credit card companies, and auto loan people would have their money and the american people would have their debt paid. Making it finanically easier for them to seek out a lower paying job if they need to. Everyone could have been paid off with the bail out. Not just these suckers who getting our money and still want to charge us these high interest rates.

Now I am still a fan of President Obama. So many of them want to see him Fail. They are betting on it. I can not and will not allow that to happen. I got to much invested in him. I should hope we all do. http://www.fundafamilyfoundation.org/

[MsUndaStood]

I don't understand why everyone think there is going to be some major changes IMMEDIATELY. He is trying to make some things happen that should have been done a long time ago. We playing catch up, but where would we be with out a bail-out? He just became President and everybody want him make immediate changes that the prior presidents couldn't do or never attempted to do. All of the bail-out money has not reached its destination yet. Just wait and see, and remember another statement he made: "It will get alot worse before it get better." Our big challenge is changing ourselves! Because everybody who voted for change are not ready for CHANGE.

[Thegoodlife]

Sorry for the delay to your comment. I agree to a point what you said. However, lets think about your car payments, personal loans, credit cards, along with other lines of credit. When you commit to bailing out these car dealers, banks, and others such as AIG. You and I are paying double for it, because we have to pay our lines of credit back with that high interest along with that new high premium on our insurance and top it off with higher taxes. Not now but in two years they will raise taxes and we will be punished again for their bad judgement. Don't get me wrong I believe something had to be done, no doubt. I just think the bulk of that 1.3 trillion should have came back to the people in the form of debt relief. By paying the peoples debt off all of these business would have gotten their money back and the people would have become debt free. Everyone gets paid not just 10 companies. As long as we are hurting financially countries like North Korea will continue to challenge America. They would have never shot off that missle if they knew we was strong and carried a lot of weight. I agree with you in saying our biggest challenge is ourselves. That's why I have created Fund a Family Foundation. We have to help each our in bailing each other out. As long as we continue be strapped for cash, so will America. A capitalist country have no business borrowing money from a communist country. That itself sounds crazy. We got to do better and I am committed to doing my part in helping America live better lives. http://www.fundafamilyfoundation.org/