I am an American. And, as anybody with access to news knows, my country has been in the headlines recently for economic woes. I’ve avoided broaching the topic, as my opinion may not be very welcome. However, after reading the US House of Representatives passed the infamous “Bailout Bill”, I can’t stay silent anymore.
I am not an economist, and I can see both sides of this. With the signature of my president, I will become a stakeholder in pretty much the entire US financial system. I will pay, for years, as well as any children I may have, for this bailout. I don’t have a choice, it would appear. Regardless of the fact that I didn’t take out a home loan I couldn’t handle and did not invest in mortgage-backed securities – I will pay.
Right now, all we hear about is a doomsday scenario. If the bailout doesn’t happen, then the Earth will swallow us whole. It is stressful, and I don’t know if there is a real solution. On one hand, I think if we don’t bailout, it will be worse. On the other hand, I wonder if falling into a depression might not be a bad idea. It would force us to get things together. Markets will recover and things will go back to normal – it will just be different. With the passage of this bill, it is already different. This is no longer the America I grew up in.
I fear this country is headed toward another revolution or civil war. The very thought of it is disturbing, even though a little revolution every now and then is healthy. I just don’t think we can continue on as we have for much longer.
I hope I am wrong.
