Colbert Campus

For Today’s topic, I was inspired to write about the economy due to the lapse and re-instatement and finally passing of the $700 billion dollar bailout.

All mud slinging and political debating aside… Is anyone else extremely worried that the sequel to the ‘The Great Depression’ is rapidly approaching?

‘The Great Depression 2’ Starring Keanu Reeves, Drew Barrymore, and directed by Ed Wood. I figured with the worst Sequel you’d need the worst cast.

As most of you know, the great House of Representatives rejected the $700 billion idea resulting in an almost 780 point drop in the stock market. We have Wachovia being swallowed up by Citi group and Wamu being devoured by JP Morgan Chase… But wait, after another significant drop in the stock market, they went ahead and passed it resulting in yet another 900 something drop after that. I have to wonder if the $700 billion dollar idea is as good of an idea as FDR’s ‘The New Deal’.

Before I have hundreds of complaints as well as many bags of flaming poo on my non-existent door step, let me explain my statement. For any one who has ever taken an American History course of any kind, you will have no doubt heard of Franklin D. Roosevelt’s ‘The New Deal’. The New Deal was supposed to get the American Economy out of the Great Depression by upping deficit spending by leaking money into the economy and providing jobs for Millions of unemployed Americans. Although it raised spirits a little and gave worth to the work force it wasn’t the New Deal that got us out of the Great Depression, it was World War II. With out the money we received for WWII we would probably still be in economic ruin… So where does that leave our economy now?

We’re already at ‘War’ which is sinking our economy lower and lower every day. The stimulus payment that was supposed to generate deficit spending didn’t really work out the way it was intended… So again, where does that leave our economy now?

We are in the middle of one of the nastiest Presidential elections since Grover Cleveland/ James Blaine (1884 election). Donkey’s and Elephants fighting tooth and nail to get their respective leaders ie Obama and McCain elected to try and fix the situation. How the heck can they fix the situation when they’re to busy trying to blame failed ideas on the other… it’s like congress has turned into one big giant Zoo being over run with Monkeys flinging Poo at each other.

Meanwhile we pass a $700 billion dollar bail-out or our modern day ‘New Deal’ which in theory is a good idea but let us look at another view point. With the smaller banks failing and being bought up by larger banks, there is still a possibility of the larger banks failing as well or turning into monopolies which are, wait a minute… illegal! Not to mention that this doesn’t necessarily save the little mom and pop shops that keep most smaller towns afloat… you know the saying ‘it’s the little things’… if big things fail, it’s bad but if the little things fail, that is just as bad if not worse.

Speaking of worse, has anyone read up on the AIG debacle? If you haven’t let me inform you a little. While our economy stays in the slump, our beloved government gives AIG $85 billion dollars to keep afloat and what do they do? They hold a ‘staff retreat/getaway’ right after recieving the money. To make matters worse, they have the audacity to ask for another $35 billion more!?!? That’s like stealing something from the mall and flashing your ‘stolen merchandise’ infront of everyone. Good criminy! Can’t you just sit on the cash for a while and or possibly launder it like most ‘White-collered’ criminals?

I know what you’re thinking. What in the name of all that is holy? I know! I KNOW! Before we stop caring completely about our nation and our respective ‘government’, not mention before the apes start taking over, there has to be something we can do! Well, the way I see it, there are two options there’s option A.) Grab your tooks and move to Canada where they have free health care and moose… tempting, but it is pretty cold up there. Or B.) Make sure you are registered to vote. Search out the issues and what’s on the ballots. Know what you are voting for or against. It’s easy and takes about 3 seconds go to http://www.maps.google.com/vote

Help fix our government!

Category: Elections, The Economy | Tags: 2008 Election, AIG, The Great Depression