Thoughts On Finance

Watching the View, I got to hear Whoopi Goldberg’s take on the current financial situation in the US and I found it extremely interesting her perspective on the whole thing.  The truth is she was talking about the government bail out of AGI.  Her point was, which I thought was a good one, was that the government gave $80 billion to AGI for the bail out because we American’s couldn’t pay what we owed, and now that AGI has that money, isn’t that in essence wiping clear the money that everyone owes AGI? Yet, we are not only responsible for our personal debts to AGI, but in addition to that, our government has in fact created a deficit that in turn we the people of this wonderful country are going to have to pay debt, so in essence we now have to pay this debt twice.  It was a really good point and one I thought was worth discussing since actions like this are taken to wipe away the debt for a large corporation or for our Federal Government, however, where is the help for the actual people who are falling deeper and deeper into debt by a government that does nothing but spend, and now even when they are out of money, they are printing more money with no backing to it to bail out large corporations.  I saw on a television show recently, a man suspected of terrorism, and when asked what he had against this country, he said “this is not a country, it’s a corporation.” I think perhaps he is right as a country does not just bail out failing companies and spend it’s peoples money on wars for the purpose of financial gain, it sounds more like a corporation to me, but maybe that is just my perspective on it?