What I think

Okay, so this blog is all what I think. Titles are just not my forte.

Anyway, about this economic mess we're in. There's so much blather about it all and it's so very hard to parse. And I'm hearing/seeing both sides, which, by the way, seem rather extremely far apart.

There's the part that's saying, Oh, my god, we're going to die, the financial system is going under, it's going to break, if we don't get $700 billion RIGHT NOW. The American public just doesn't understand what this means.

Well, yeah, the thing is, the American public, in general, doesn't really understand what it means, because, as the folks saying the above also know, the financial system today is extremely complex and there's few people that do really understand it all. Almost none of them, by the way, are in Congress.

But here's what the American public does know. It knows that no one offered them a bailout when they needed it. When millions of American homeowners couldn't pay their mortgages, nobody offered them a hand. If they had, would the financial institutions, particularly the ones we just lost, be in the mess they are in today? Would the financial system of the country, never mind the world, be in such a precarious position? Of course not. Would it have cost $700 billion? I doubt it.