The Shotgun Method?

Over the past few months i have seen so much he said this and he said that. So I have come up with a solution for our next president. A man follows the president from day to day with a shotgun in his hand and a list of all his campaign promises. The first time the president does something that does not concur with his campaign promises.....  CLICK... BOOM... NEXT...

Then we try with the next person that thinks they want the job. One of two things will happen. One they stick to their promises or two the people elected to office bodies start piling up. 

Bailout Passes Stocks Still Fall!!

The house passes bailout bill for banks and mortgage companies today. President Bush proceeded signs the bill into law and the stock market still falls over 150 points today. Now I understand first off this is going to take some time to trickle down. Honestly though this is like putting a band-aid on a severe wound and hoping for the best. So I guess now we are on to the three major U.S. car makers. Ford, Chevy and Dodge are in serious financial trouble and no one has brought hardly any attention to this.

This is the point.......

This is a temporary fix to a problem that expands so much farther than the banks and mortgage companies that will have severe effects for months and possibly years to come.

Senate Bailout Bill Passes.. The House Is Next

The Senate passes bailout bill by packaging in many other things. It was basically a trade off for votes.

This was done to try to soften the blow to the american public. One of the main add ons was to raise FDIC insurance from 100K to 250K. Now i know i am not a political or financial guru but how does this help. There has always been a work around to the 100k limit of insurance on bank accounts. So how does that help?  Next up a 5 thousand dollar income tax credit. This is like saying "ok we are going to spend 700 billion on the stock market and banks, and give you the tax payer 5,000 dollars." This just seems to make no sense.

This is the point......

If Bob owns a small restaurant cooks awful food and people stop eating there, he goes out of business. The federal government does not step in and bail him out because he is the only restaurant in the small town. The restaurant just fails.

Senate Vs. The House, This Is A War of Getting Re-Elected!

We all know that the house failed to pass the first revision of a bail out plan. Now the Senate is giving it a shot. This is turning into a race for re-election, not a race to fix the economy. 

This is the point

The first to solve this problem with public approval will definitely show the other up and secure their jobs and and lay blame for the state of the economy on the other. Trust me this is definitely about their jobs.