18 Billion given for bonuses????

This is outrageous. LOOK I can't believe while I am drowning in debt with student loans, and can't get a car loan, these banks which have loaned nearly 350 billion at this point are now using it for bonuses for their star employees. Hey remember in the 4th quarter how our GDP shrank 4 percent, apparently Wall Street salaries are recession proof. This is just horrible PR for Wall Street and the Treasury Dept. Both need to get this straight quick before the outrage gets any louder!

Debate Tonight

The First Debate is tonight of course and unfortunately like many other people, I'll be working. The foreign policy section may be short, but look for the key differences on Obama and McCain. Obama will offer a solution that gets the American troops out of Iraq in 16 months. This will be an interesting debate considering the US will loan Wall Street unsaid billions of dollars in addition to the massive deficit it already holds. If Obama can successfully tie the billions a month that we needlessly spend in Iraq (while they run a surplus), with the financial security of our country, then Obama may see a spike in support among undecided voters.

This will be interesting.

Bailout, but for Who?

The Bailout plan in Washington at a massive 700 Billion. Democrats have successfully negotiated at least preliminarily to help include average citizens. Politico reports that the democrats have given the administration some room to breathe and but with some help for homeowners and average folk that has been stalled for months on Capital Hill. The Bailout Bill hopefully really can help homeowners who have often been coaxed into mortgages
Criticism for the 1st Draft was well placed, oversight, especially with this administration was a must. Further 700 Billion dollars is seemingly coming out of nowhere. This from the same right wing politicians who refuse to offer universal health care or reduced cost education.
Hopefully this bill if nothing else, sways people to expect more from their government. If the government can offer a few wealthy firms on Wall Street, it should be there to help with the everyday struggle of the millions of American living check to check and the 80% who are having a hard time paying their bills.
Congress and the Administration are calling this bill necessary for the economy, and that may be true. Hopefully this bill can help set other priorities. If money exists for Wall Street firms, then there should be more for the citizens who are footed with the bill.
The Bailout Bill hopefully really can help homeowners who have often been coaxed into mortgages.