Sorry, out of all the things I have agreed with Obama on, this is the one sticking point.
As taxpayers, we cannot afford two wars and a bail out. As Taxpayers, if we get into a credit crunch, we are expected to be fiscally responsible for getting ourselves out of it. There are no golden powerchutes for you and me.
Stock Markets go up and down. If you currently have your money in the stock market, you might be feeling a crunch. I have always invested knowing that when the market is high, you sell. When the market is low, you buy... or hold. There are risks associated with investing and this is one of them.
There are many people and voters from both the Democratic Party and Republican Party who do not want to bail out the banks. We are not arguing about poltics right now but we agree that this bill cannot pass. It especially cannot pass the way it is currently written. it cannot pass by adding tax cuts which will come from???? where?? You will end up getting taxed somewhere else for this tax cut.
FDIC Insurance... where do you think it comes from? Banks pay a certain amount of money towards it. If the FDIC is short, they will charge banks additional fee's which the bank will gladfully charge you additional fee's for. If all else fails, the FDIC can get the money from the treasury... which in turn, comes out of your pockets.
I'm not saying that I am right and that you are wrong... but how many times have situations like this worked to YOUR advantage? It is not to your advantage, it is to the banks advantage, it is to big businesses advantage and no matter what they say, there will always be a golden parachute waiting for the next executive.
I know it could be painful to you and I but either way, we are screwed. Until we "Just Say NO!" or Government is going to step all over us. I respectfully disagree with Obama on this one and unfortunately, I think McCain only has to gain from this current bill being passed tomorrow. But that remains to be seen.
Sorry guys, I can't support it.
Dap