Bailout Bill!
Today the House of Reps. will be voting on the bailout bill. This bill started out with only three pages. The bill that was passed by the Senators was over 500 pages long. This is because everyone wants to through in their own little pet projects. This is how our government works. Is it right though? I don’t think it’s right at all. I think we need to stick to the problem and leave all the pet projects out. But that will never happen, as long as we keep electing crocks into office. Before we elect anyone we need to make sure we do a credit check and complete background check for now on. Oh, and drug testing on these elected officials. I swear I think a few of them are on drugs. Anyway, these are the chosen ones to vote on bills that some never read. Heck, if they ever did read them they might never understand what they’re reading. How many do you think sat down and read the new 500-page bailout bill. I would say about 100 sat down and read it. The rest will just play follow the leader. I will end with, pass the bill House of Reps., give the American people at lease a chance to make this work. If it doesn’t pass today god help us all.
How Fast!
How fast was that car going? This is the question that local residents in a city near by me are asking. It seems that cars are zipping up and down a few city streets. Most of these people driving up and down the streets like racecar drivers don’t even care if they hit anyone. What’s going to happen one day is a little kid is going to run in the street and get killed. The locals on the street want the city to install speed bumps. The city said they would look into it, which I doubt they ever will. The city also stated that they would have the police watching in the neighborhoods this is happening in. The city seems to miss the fact that if there’s a police car around they slow down. Here’s what I think should happen. The residents should invest in an affordable radar gun like the SRA3000 Tracer, which is made in the USA with free shipping. This radar gun also comes with a one year limited warranty. This Sports and Traffic Radar Guns can be used to track the speed of just about anything that move’s, even cars. They should video tape everything and turn it over to the police. This is what I would do in my neighborhood.
Bad Days To Come!
Another huge drop on Wall Street today. The Dow Jones industrials fell more than 340 points to end at 10,482.45. The sure sign of a recession is in the air. I’m starting to believe that even if the house passes the bailout plan will be enough to save the economy. We’re at a seven-year high in jobless claims and factory orders are way down. That means more jobs will be lost very soon. And now we’re coming into some of our biggest holiday shopping months, which the retail market could feel the pinch. Heck, I wouldn’t be surprise by Christmas time we’re in a recession. The way I see it is, this bailout bill isn’t going to help at all. But if it does help, which I sure hope so, I will be surprise. As always, let hope for the best, but be ready for the worst.
Automakers In Trouble!
The word on the street is that automakers are now feeling the pinch of this widespread credit problem. Most all U.S. and foreign automakers are reporting 30 percent drops in monthly sales. Automaker Honda Motor Co. reported a 24 percent drop, which was the best compared to others. With credit being so tight and economic worries this will only hurt automaker in the following months. And let’s not forget the high price gasoline, which slowed down truck sales. I think that we may even have a few automakers go bankrupt by year’s end. This could happen if the Senate and Congress don’t pass the rescue bill soon. Passing this bill will free up some credit and get things moving again. I will be watching tonight, so I won’t be surprised in the morning. If they fail to pass this bill we will have a crash on Wall Street come first thing in the morning. Lets all hope for the best.
