Eastern Standard Blog

Bulls on Parade

I wish I could understand. It doesn’t make much sense to me. I assume (I know, I know) that my elected officials (and their appointees) are smart, qualified and looking out for the little guy. Jesus I’m stupid.

This whole bailout thing is crap. I mean, from a fundimental level it’s crap. If the free market and deregulation are such good things then how did we end up in this mess? I read lots of semi-conflicting stuff about how bad it is, or how bad it isn’t. Don’t get me wrong, giving away the kind of money they are talking about seems like unprecedented stupidity to me.

What makes it even worse for me is that I can’t really identify with either side on this. I’m not lossing my ass on Wall Street because I bought up portions of bad home loans made to people who were never going to be able to replay them. I’m not a homeowner who bought ‘as much house as I could get’ under the assumption that property values could only go up for the next 15 years.

Sure, gas is expensive. Food prices have gone up some what. My daughter is too young for me to worry about putting her through college at the moment. But these assholes on the news keep saying how without freeing up the credit crunch, people won’t be able to do things like get loans for cars, or credit to charge things they can’t aford at the moment anyway. So I just don’t get it, because I just don’t feel it I guess.