Tuesday, September 30, 2008
Back on track?
Hundreds of billions of dollars, a bail-out plan, and an economy in a serious crisis sounds like a serious problem to all those who know the current situation, but only one day after the the newly propsed bill failed and the dow jones dropped a staggering 778 points, Tuesday, September 30th, was a day full of smiles on wall street as the dow had its 3rd largest increase, growing 450 points. Many people understand the precious value of the passing of this bill, and many assure the effects will be "painful and lasting" unless it is passed. Thousands of jobs are at risk due to the lack of funds to support payroll's. So if this bill is passed, do you think America and its economy will make a full recovery as our leaders assure us we will?
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What I fail to understand here is that if we as a country are so far in debt that our national debt clock has to be updated to add more numbers to it more frequently than "scheduled" where in the world is the money coming from that provides the funds for this bailout plan. Does it come from the programs that help college students, or poor people? What about the single mother who is so far removed from Wall Street that her job is not DIRECTLY affected by the buy out. I dont understand how our national debt got so large in the first place.
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