..I'm sick of it; sick of talking about it, sick of thinking about it, and sick of hearing about it!! I go to bed at night watching CNBC and I wake up in the morning watching CNN. Granted, I'm a news junkie, but this is becoming a bit of an obsession. When I sleep, I dream of green arrows that point up and red arrows that point down. The drone of economic analysts spewing advice from the television has become the soundtrack of my life. Suze Orman tells me to relax while Hank Paulson is saving every bank in the country. What to do, what to do, what to do!!!
The one thought that continues to jump out and slap me in the face has to do with the current election campaigns. For months now, I've heard pundit after pundit suggesting that Barack Obama is a socialist and that his election will surely lead to socialism. Well, I've got big news for everyone - George Bush, Hank Paulson, and Ben Bernanke have beaten Barack to the punch. The bailout of AIG has provided us with an insurance giant owned by us, the citizens of the United States. The news this morning, though very preliminary at this early hour, seems to suggest that we will also nationalizing the U. S. banking system. So the way I see it, we now have a socialized economic system and capitalism is about to go the way of property on Galveston Island. If you disagree with me, try this on for size - socialism is defined as a "socio-economic system in which property and the distribution of wealth are subject to control by the community". I'm thinking that we are definitely the community and we will shortly be in charge of Wall Street, State Street, and every other banking street in our country.
Now, don't get me wrong; I'm as worried as everyone else. I have money in this very insecure financial sytem. I have a mortgage, credit card debt, and car payments just like everyone else. And, I believe that our government has a responsibility to shore up our financial system so that we don't quickly fall in to the deep abyss of another economic depression. But let's face it, even if you put lipstick on a pig, it's still a pig!
Peace Out!!
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