So Congress decided to not bailout the failing economy. I say, finally, Congress looked at the future and voted for economic stability. Sure, things will always be the darkest before dawn, but if the Federal Reserve gives the economy $700 Billion and doesn't get it back like they hope, then we're in real trouble. As a hardworking taxpayer, I am happy that my tax dollars will stay with police officers and parks & recreation and not to bailout financial fat cats who don't want to lose their seven digit salaries. Don't get me wrong, I am distraught at the thought of a one in every 538 homes this year will receive a foreclosure filing this year. Not being a homeowner, it doesn't effect me, but it does effect the money markets and credit. I hope that the United States one day shy away from our consumer based economy which should hopefully give us a level head.
I hope that we can get out of this very soon.
Happy Birthday Stevie Arndt!
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