Because this government, Hank Pulson, bailed out all AIG and now owns 70% of all the home loans out there. Maybe yours, maybe mine!
We hope the other corporations go under. Rachel Maddow is worried about the whole country and world global economy. Paul Krugman, New York Times Columnist is worried too. Bernekne and Paulson says unless we get a grip on this now it's 1931 all over again!
And Why? Because Bush and Cheney allowed Phil Gramm to deregulate all financial corporations. If this economy goes belly up people won't be able to get loans, more jobs will go away..therefore more house payments and car payments won't be made. But you can bet the government won't bail out the average Joe.
Across aisle agrees we need a rescue plane. Buy out by the Feds may or may not work. Listen to Chuck Schumer.
We are not socialist....so might as well provide free health care and free education for us just like those people of Canada, England, France and more European countries have.
Maybe there is a bright side to the stupidity in Washington.
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