+
C-rappy Cacophony

Wednesday, September 24, 2008

How does the $700 billion bailout affect us? - Yahoo! Answers

How does the $700 billion bailout affect little old me? - Yahoo! Answers

This comment really made a lot of sense

The bailout will affect you because taxes payers have to foot this loan. You will see more inflation because it will weaken our dollar more than it is, causing products to be much higher. If they did not do the bailout, then all loans would screech to a halt and business could not operate. This is a lose, lose situation, due to the problem not being fixed when out of control loans were given out. Our government failed to protect the citizens and now we will pay. The extent of this disaster isn't even known, because it is the first of it's kind. Put in a nutshell, you will have to pay more for everything and the debt must be paid by the taxpayers by you and I and our children and their children, etc. We are only hoping this stops total failure of our system, they still don't know the full repercussion of what is to come, but it is going to be hard for everyone, except the rich people who will continue too collect from their investments, jobs, or whatever. They very wealthy are the only ones who will benefit for sure.~~


-Raapi


Posted by rajesh |


« Home | The For-Idiots, By-Idiots Guide to the Fannie Mae/... » //-->





Add a comment:

Name
Website   Html allowed : <a>, <b>, <i>

 


 © C-rappy Cacophony 2005 - Powered by Blogger Templates for Blogger