Time to write about the bail out

Over the weekend, a group of folks in Washington agreed to bail out AIG with a couple of qualifiers.  Before this can actually go into action,  our elected officials need to VOTE on the package.

I feel like I want to, no need to exercise my voice and remind those representatives that they represent me.  Not Wall street.

I don’t claim to be a financial whiz, however it seems to me that this is a mess that is being rushed into.  It seems that the call to arms is all about the CREDIT market. If the government does not infuse the market with cash, then banks are supposedly unable to give out more credit. No one is saying that this will fix the problem either.   This is a quick fix that won’t fix the problem.  I think the underlying problem will continue to fester.

Isn’t giving credit the issue?   The scare tactics that wall street and congress use are words that evoke danger.  Global market meltdown.

Support from the American people that is gained by use of emotional terror is not true democracy.   Don’t try to get this bill passed by threatening us that the market will crash and no one will get a pay check.   Bankers will continue to lend to folks with good credit.   We will still be able go to work, be paid and buy food.

At this point the unemployment rate in Vermont is 4.9% up 1.1% from a year ago.  http://www.vtlmi.info Folks,  that means that 95.1% of us Vermonters have jobs.    Last time I went to town I was able to go to the market and  have a huge selection of food products.  Farmers market’s are thriving and we are actually seeing lower gas prices then earlier this year, around $3.50.

OK, so times are tight, but we should stop with all of the negative focus on what is wrong, and look at the positive while we all tighten our belts.  We are Americans and are able to do whatever we put our minds to.  We also have the right and obligation to speak to our Representatives and tell them how we feel about this.  I did this morning, now it is your turn.