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Tuesday, September 30, 2008
Monday, September 29, 2008
Is Bailout Good or bad for the health of common people?
The bottom line is that Common people are going to suffer whether bailout happens or not. But not getting out the bailout,it has worse possible impact on the global economy and importantly on the lives of all common people who live check to check.
The issue of this economy going south has started with credit problems and housing bubble because of the bad mortgages, foreclosures, huge inventory of unsold houses etc. That need to fixed asap. Otherwise the market will not have credit liquidity, businesses will not have money, so lay offs will start happening and it will effect life of the common person. More the unemployment, more social issues. Already we have problems of fuel shortage and impacting not only daily routines which largely depends on fuel but also industrial and business productivity.
Do not forget that these common people who live their lives paying all of these debts and has kept economy alive for last couple of recessions. But now it is time to help this common person. Which in turn will help economy to turn around.
So there has to have bailout. This bailout need to help everybody not only just impacted businesses. The credit need to flow for this and a new strategy of better economical policies which can protect not only businesses but also interest and life of common people.
While providing bailout of $700billion, there has to have accountability for money which will be spent if been approved and has to provide great deal of transparency of utilization of that taxpayers money.
Again to come out of current crisis, let us rescue the companies which are been impacted. Do not let layoffs happen and do not let increase unemployment. Try to create new jobs by way of better preparing bailout policies while purchasing those toxic debts.
Importantly we, the common people, has to change from consumerist mind set to more frugal mindset. Not just spending money but also using various natural resources around us like water, pure air, gas, land, weather and forests. It is not only for this moment, for today but also for our future as a human race going forward.
May GOD bless human race through all these turmoils like economical crisis, global warming, natural calamities, terrorism and hunger. And hey, let us all try to be together in this interesting period of our life.
What do you think is this bailout is good or bad for all of us ??? Please let everybody know !!!
Cheers !!!
The issue of this economy going south has started with credit problems and housing bubble because of the bad mortgages, foreclosures, huge inventory of unsold houses etc. That need to fixed asap. Otherwise the market will not have credit liquidity, businesses will not have money, so lay offs will start happening and it will effect life of the common person. More the unemployment, more social issues. Already we have problems of fuel shortage and impacting not only daily routines which largely depends on fuel but also industrial and business productivity.
Do not forget that these common people who live their lives paying all of these debts and has kept economy alive for last couple of recessions. But now it is time to help this common person. Which in turn will help economy to turn around.
So there has to have bailout. This bailout need to help everybody not only just impacted businesses. The credit need to flow for this and a new strategy of better economical policies which can protect not only businesses but also interest and life of common people.
While providing bailout of $700billion, there has to have accountability for money which will be spent if been approved and has to provide great deal of transparency of utilization of that taxpayers money.
Again to come out of current crisis, let us rescue the companies which are been impacted. Do not let layoffs happen and do not let increase unemployment. Try to create new jobs by way of better preparing bailout policies while purchasing those toxic debts.
Importantly we, the common people, has to change from consumerist mind set to more frugal mindset. Not just spending money but also using various natural resources around us like water, pure air, gas, land, weather and forests. It is not only for this moment, for today but also for our future as a human race going forward.
May GOD bless human race through all these turmoils like economical crisis, global warming, natural calamities, terrorism and hunger. And hey, let us all try to be together in this interesting period of our life.
What do you think is this bailout is good or bad for all of us ??? Please let everybody know !!!
Cheers !!!
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