Y’all can bash Bush all you want, but let the truth be told. Bush and other Republicans tried to avert this economic disaster. They foresaw it coming and attempted everything in their power to ensure it didn’t occur. Unfortunately, several key Democratic leaders didn’t see it coming (Barney Franks) and refused to take regulatory action. However, I don’t absolve all the Republican Congress member of any wrong doing. It was Bush who started this whole bailout nonsense… but then again, a bailout would have never even been viewed of as an option if the warnings from the Bush administration had been heeded. But this video is quite telling. Peep.
Whoa whoa whoa! What’s this? Could it be? The devil himself (according to most Democrats anyways), Mr. George W. Bush, is proposing an idea that the Dems in Congress actually agree with! Wut in the hades is going on? According to reports, the Republicans in the House are the ones holding up this Wall Street bailout that Bush, Paulson, and Bernanke (I love saying that name– Bernanke. Bernanke. Berna- Ok anyways- back to the lecture at hand-) that Bush, Paulson, and Bernanke have proposed. Now here’s the interesting thing– most Republicans are very pro-business. They get millions of dollars from businesses and banks for their campaigns, most vote over 80% in favor of legislation that will aid businesses. Yet these pro-business Republicans are the ones holding up this $700 billion dollar bailout package, for who? BUSINESSES. That is very revealing to me. This tells me these Republicans truly believe in the concept of business at its core. That is, if you succeed– great, have all the money you want. If you fail, sucks to be you. Nobody is going to help you. That’s business. I think it shows the integrity and honesty of these men and women, when it comes to their jobs. They are not afraid to follow the American way, which is TAKE RESPONSIBILITY FOR YOUR DANG SELF. Businesses included.
Another revealing idea that popped into my little head when I was studying this issue out in my mind (really when I was running on the treadmill at the gym ha- what a place to meditate eh? When you got 2 little boys, that’s about the only place to meditate!)- anyways, the idea that came to mind is this: the bailout is a decision based on fear. Anytime a decision is based on fear, more than likely, it won’t be a good decision. Initially, I was in favor of the bailout. As I looked back to my thoughts a few days ago as to why I supported the bailout, I realized it was because I was afraid of what might happen if we didn’t bailout these businesses. Again- it was a thought based on fear. “Perfect love casteth out fear” (John 4:18)
Also, who’s to say the bailout will even work? The bailout is supposed to help free up money so banks and lending instituitions can still lend money. But what if they take the bailout money, loosen their lending guidelines slightly so it still doesn’t benefit most Americans, and that’s it? They essentially take the money and run, yet make the slightest changes to satisfy the government’s requirements (and you KNOW with big businesses, that is a real possibility.)
So I think I have made up my mind on this issue- I am against the bailout as of today, and now you know why. Lucky you! Count your many blessings that you know such a smart dude like me! Just don’t blame me when we all lose our jobs because we didn’t bailout Wall Street.
