Wall Street VS Main Street
September 29th, 2008 categories: Community Happenings
ARGH!
Dare I rant a little? What is the difference between Wall Street and Main Street? No, this isn’t a riddle and it shouldn’t be that hard to understand. Wall Street IS Main Street. It’s our economy. Your economy and my economy and all of our closest friends and neighbors all over the world’s economy. What does this credit crisis mean to you? It may mean that your employer doesn’t have access to the credit line that they use, when necessary, to cut your paycheck or to buy materials used in your industry. It’s not just ‘Fat Cats’ looking to buy their next million dollar home or luxury vehicle.
If our supposed ‘leaders’ don’t come up with a plan very, very soon, it’s Main Street that will be bleeding all over Wall Street. It’s your401K, IRA, job, that is at stake. This is no time for partisan politics. It’s interesting to note that the legislature is actually trying to learn from the mistakes of the past and some within won’t let it happen!!! We did have this same type of crisis once before, you may remember it or learning about it… I believe they called it the ‘Great Depression’. So, our congress is trying to work out a deal so financial institutions don’t collapse leaving us Main Streeter’s with no cash and no credit. Some of our ‘leaders’ are evidently unaware of the fire they are playing with and the extent of the damage they could do to their constituents- LIKE YOU AND ME DAMMIT!
Do I want an irresponsible, unthoughtful, shameful bailout for the rich and mighty of Wall Street so I can spend the next 25 years paying off the debt? OF COURSE NOT. And while I don’t have all the answers about the plan that has been in negotiations over this past week, from what I hear, it spans the concerns of both political parties, has oversight and transparency and most of all, will prevent the utter collapse of our tenuous economy.
You (and I) need to let your representatives know it’s not okay to delay. We need to act now- as a cohesive society for our own preservation. Nothing will happen over the next couple of days due to the High Holidays but when congress resumes, we had better have a plan or it’s you and me that will pay the price. There’s no room for petty differences in this case and petty they will seem when this thing comes to a screeching halt.
Do the right thing and COMPLAIN!
