The Housing Crisis is in full swing, sending the economy into a swooning, downward spiral. Proposals and empty promises are coming out of Washington like never before. But what do all these proposals add up to? Most are just another example of politicians who are out of touch with reality and insulated from the concerns that most average, middleclass Americans have to deal with each day.
The President's proposal is particularly egregious: he argues that the government should do nothing to "bail out" irresponsible speculators. Irresponsible speculators? People are losing their HOMES at rates that haven't been seen since the Great Depression era! Granted, there are those who bought investment properties and helped lead to the overheating in the real estate market. But by and large, we are dealing with a crisis that is affecting real families and their ability to have a home to live in. This isn't about speculators--this is about human decency. How can the President, or anyone else look at mothers and fathers struggling to provide a safe place for their kids to grow up, and then sit idly by, as their homes and their dreams are ripped away because of economic circumstance beyond their control?
Talk about double standards: the President argues out the other side of his mouth that we should be providing "corporate welfare" to big banks and companies. The Federal Reserve has already given away BILLIONS in dollars to the banks. Why? Because the banks speculated and they lost. That's right---the banks are the real SPECULATORS!!! Our largest financial institutions went out on a limb and made bad investments--investments that are now costing all of us. The government didn't just sit idly back and allow these corporate behemoths to fall--no--quite the opposite. The Fed has pulled out all of the stops to bail out our financial institutions. Of course, no one would ever call them on their "speculation". These banks aren't "irresponsible speculators", they're "pillars of our economy".
It is time that Washington recognize that individual citizens are just as important to the economy as the big banks. It is time to realize that not only those with big pocketbooks are worth defending, and it is past time to end the doublespeak when it comes to this economic crisis. If individual Americans who are losing their homes can be called "irresponsible speculators" and be denied the assistance that they need to continue to shelter their families, than big business should be called for what they are: irresponsible speculators. The President should stop this double standard and his harsh rhetoric against Americans in trouble and realize that the average American is every bit as valuable as corporate America.
Stumble It!
