Bailout??

I wonder what has happened to our Constitution.

When did we start letting Congress take from the poor and give to the rich?

Up until recently they were taking from the rich and giving to the poor.

I think their definition of "rich" was anyone at or above the poverty line.

I think that most of the members Congress have decided that they get their cut first.

Companies used to fail depending on their business models. Remember Montgomery Ward's or maybe Enron?

Many banks have failed in our history ... Panics happened on a regular basis before the Great Depression, but my history book shows none since (except maybe the Keating 5 thing) ... until now.

The bank failures don't really effect me. I still pay my mortgage and credit card bills. I pay my car payments. With checks written on a bank that still receives my direct deposit.

I think if this bank/credit meltdown had happened next year or in 2005, Congress would have called for more regulation, had a hearing or two and gone back to business as usual.

What a difference an election makes.

Oil Prices

It bugs me that Congress complains about an 8% profit for oil companies, yet the federal gov't gets 18+ cents per gallon in taxes. (Texas takes 22 cents per gallon). If gov't would do their job and get out of the way by relaxing regs for new refineries and allowing safe drilling in currently restricted areas, the price of oil would start to lower (and gov't would still get their cut).

For those of you who claim it would take 10 years to do any good - remember that the GOP tried to fix this in 95, and if Pres Clinton hadn't vetoed it we would be seeing the benefit now.

Not doing anything means we get to suffer longer.