..in the words of Ron Lieber of The New York Times in his piece today, "Is Your Money Safe, and Other Questions to Ask."
Wow. I feel thoroughly screwed. Here I am trying to better myself, making a huge career change to help people in the long-run, and I am scared to death that come January, there will be no money to lend me for school. Furthermore, according to Lieber, it looks as if liquidating some of my stock holdings is a crap alternative. I've been waiting 2 years to use my investments for school. Patiently deciding how I would practically go about quitting my marketing career to prepare for a medical one.
On top of it all, I discovered today that my representative Lloyd Doggett voted against the bailout package. I am literally floored. Doggett is a D - and pretty D Liberal. I guess he felt he needed votes for the elections? I don't even know if he's running to be honest. But, this illumination along with the fact that some House Rs voted the bill down because they were upset by Speaker Pelosi's speech denouncing the Bush administration for the economic crisis makes me fire-spittin', dagger shootin' mad!
Things will get better. The pendulum always swings. We just don't know for how long it will be swinging toward the side of the crisis. I do hope this situation has proven that Regan, or Voodoo economics , is a bunch of crap. Seriously! Trickle down? Not while greed still exits. I am not calling for socialism by any means. Simply more transparency and accountability.
And, isn't it ironic that the bailout plan - which has qualities of a socialist solution - is saving capitalism. Looks like a combination of the two ideologies is the only answer that helped us in the 1930s.
When the pendulum swings too far to the crisis point, it is necessary to have a bigger hand step in and hold us up.
If you think it can't happen, take a look at this picture from the Great Depression when banks went under one by one and wiped out people's savings:
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