Friday, March 20, 2009

Comments on the Secretary of theTreasury's statements-New York Times!

Mr. Paulson states "our financial system seized up and severely damaged the economy". I hate to inform the Seceretary that the economy had been damaged - by the massive number of unemployed people - for quite some time. It is just now that the extent of the damage has become so severe that it is beginning to impact how we live our lives and how we work. Yes, we do need" to stabilize our financial system and to get credit flowing again" but instead of bailing out American International Group (AIG), Freddie Mac, Fannie Mae, and the rest, what is the problem with "bailing out" the people who TRULY need a financial revitalization program aimed specifically at THEIR problems? Or is it just the rich who get the "bailouts" while the rest of the American people get the "shaft" - again?

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