Bail US Out!

With all the hiatus going on in regards to the upcoming election and the economic crisis we are currently facing; I can't help but keep my eyes peeled to watching CNN.  When I was younger (not much younger), I used to think that CNN was the most boring cable news channel to watch.  Who wants to watch news 24/7 of national and international new events?  CNN is everywhere!  It's the most watched news channel internationally!  CNN is broadcasted at the airports, at hospitals, and even some sports bars.  Call me a late bloomer or it a personal sign of maturity; but why haven't I tuned in earlier?  Perhaps, everyone should be informed.  It's really scary to realize what we have ahead of us.

CNN has been pure entertainment (for now) and I love how the media is still very careful on how they present the news.  Lately, it doesn't surprise that they are trying to inform the Nation rather than scare the Nation shitless.  Yes, the financial institutions are failing.  Banks are buying out banks.   There is a credit hold/freeze.  Large businesses cannot borrow money for operating expenses.   The Dow fell 778 point in one day.  The S&P 500 lost 7% in one day!  It's a total mess!

The bailout plan did not pass today.  Now the House will not come revisit the bailout plan until Thursday, which leaves the financial markets in a panic until a decision is made!  I understand that there is a Jewish holiday, but with all respect to the Jewish religion; CAN THE US ECONOMY AFFORD TO BE IN LIMBO FOR A FEW DAYS TO OBSERVE A JEWISH HOLIDAY?  Action must be taken yesterday!!

This entire bailout is a "Catch 22!"  Should we bailout the companies that made poor business decisions at the expense of the taxpayers?  Or not bailout the companies and let the American citizens fall into a serious recession?     Either decision, we need to do something!   

At the same time, I heard an example from a CNN news correspondant say that.  "Should the hardworking individual who pays their mortgage on time pay higher taxes to help the foolish individual who put nothing down on their house and cannot afford their mortgage?"  Is it fair? 

Now is not a good time to buy into any stocks.  I highly recommend moving into Bonds or the very safe and secure Treasury Bills.

To sum everything up, something needs to happen.   It needs to happen fast! For the sake of People and the entire Country of United States!

Hold on America!  It's going to be a rough ride!

Comments

Post a Comment

Popular posts from this blog

Christmas in May

Image
As I walk into my office in the morning, I stumble upon two boxes that I've been long awaiting for. One box is large and the second is small. Excited like child in a toy store; it was my normal instinct to open the large box first. Enclosed in the large box was my new Executive Leather Office Chair. The original office chair I normally sit on was due for retirement. I would pump the chair up in the morning and by mid afternoon, I'd would nearly be in a squat position close to the floor. So I open the box up assemble the chair. I lean the chair back, get comfortable, spin around a few times, and test the hydraulics. Everything is fine and I can get started on my daily routine of work. As I'm sitting comfortably in my new office chair, I clear off my desk for the smaller box. Enclosed in the box was my new Canon Powershot SD550 Digital ELPH Camera that I purchased from Dell . I've been eyeing this camera for a least six months, and it happened to be on sale with free shi...
Read more

iPhone 6s Plus

Image
Decided to pull the trigger on getting the iPhone 6S series since AT&T was the last of the large mobile carriers to drop the two year contract phone option.  Now all the mobile companies require you to pay retail price for the phone or you'll have to finance the phone in your monthly bill payments. I was a bit skeptical in the beginning on getting the 6SPlus due to it's size. I have large hands, so it actually looks like a regular 6s in my hands. Although after reading the reviews, I was more sold on the 4K video aspect with image stabilization (a feature only available on the 6s Plus). I've also noticed that I've always purchased the "S" version of the iPhone. My main reason for getting the 'S' models is due to some of the revised enhancements done to the phone prior to the predecessor. Never understood what the S was abbreviated for. Is it short for: Security? Sucker? Speed? Sound? Sensitivity? Who knows? It's a great phone...
Read more

Our HOME is for sale!

Image
We decided to put our Castro Valley condominium up for sale. It was our first home that we bought together 14 years ago and we want to pass it to another first time buyer or investor! Many memories in this place. The views of the bay are spectacular! It's in the coveted Castro Valley School District and conveniently located close to BART/freeways, etc. I personally did all the remodeling by myself. New bamboo floor, new carpet, new appliances, new interior paint, new lighting fixtures, new toilets, and new water saving fixtures. Very bittersweet to leave but it's the right time for us to move to something bigger for our family. Come to the open house on June 8 & June 9 from 1pm-4pm on both days. Click here  to view the listing. Living Room Dining Area Kitchen with new appliances Master Bedroom Bedroom 2 View
Read more