Saundra McDavid

I noticed my local bank had a sign up today that stated something along the lines of ‘Lehman Brothers and Bear Sterns are not Banks like we are. We still have plenty of money to lend.” These local banks are the banks that “Main Street” uses, and these statements are conflicting the statements coming out of Washington these days. I am still not convinced that we need to spend $700 billion (make that $800 billion with the new pork bill that the Senate passed) of funds that we don’t have to bail out large Wall Street firms. Where is the evidence that there will be a depression if we don’t immediately spend $700 billion? In fact, the price of oil has been decreasing since this all began. I like the fact that the price of oil is decreasing. I feel comfortable with the fact that my local “real” bank is solidly moving forward as the Wall Street megamerged Insurance/Brokerage/Mortgage beomoths fail.

And I am disgusted by the bill that was passed by the Senate. Three hundred additional pages of pork tax breaks for specific companies and industries? Funding for rural schools? Tax credits for GM’s new battery hybrids, but not other manufacturer’s hybrids? Breaks for certain wooden toy arrows? Breaks for film and television productions? In a Wall Street Bailout Bill? Give me a break. We had a job to do which was save “Main Street.” Those elected to represent us let special interests influence their decisions.

I am still hoping our two representatives stand up for the PEOPLE of the United States and vote “No” on the Bailout Bill. Sali already voted no the first time around. Simpson jumped on board with the Wall Street lobbyists and voted “Yes.”

Want More? Subscribe via e-mail:

Or via RSS
Subscribe in a reader

Post Footer automatically generated by Add Post Footer Plugin for wordpress.