That’s Right Nate

Thoughts from a right thinker.

Paulson’s Plan to Fix Economic Problems…Not That There are Any.

with one comment

Henry Paulson may just be the only person in this country who can solve the nation’s economic problems if there are any.  Paulson’s ambitious plan to help out Wall Street sounds like exactly what this country needs.

For the small sum of between $700,000,000,000 and $1,000,000,000,000 the federal government will help both American and foreign banks recap their losses resulting from some unfortunate decisions and bad loans.

The main thing to remember here is we all deserve a second chance.  While some of these companies may have been a tad foolish with their money, there’s no reason they should be punished for it.  Who hasn’t bounced a check or got hit by a late fee?

The democrats want to put back all the regulation that John McCain fought so hard to remove.  They think that just because they spend $1,000,000,000 they should have some right to call the shots.  All I know is when you give somebody money you don’t attach strings to it.

The best part is we could get some of this money back if some of these bad debts get repaid.  I was worried that the government might want to “bail out” private homeowners as well.  Fortunately, Paulson put my mind at ease when he commented Sunday morning that just because home buyers bit off more than they can chew, “they still need to live up to their obligations”


Written by thatsrightnate

September 22, 2008 at 8:02 pm

One Response

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  1. Sure truth is that the bail out is not going to anything to save the US economy. there must be new policy regulations to keep in check that this thing does not happen.


    September 22, 2008 at 8:16 pm

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