An Interesting Question…Didn’t They See This Coming?
Our government is in high panic mode trying to fix the current financial crunch that we are in. I am just wondering why no one saw this coming. It only makes sense that we have been pouring out Trillions of dollars on fighting terrorism and the war and we have been doing this for the past 7 years. It only stands to reason that over time we are slowly but surely going broke. Honestly, if you look at things however, this really was coming to this point before September 11, 2001. If you look at the trends in banking and in the economy, you can honestly see that interest on bank accounts took a nose dive around the mid 90′s. Back in 1989, your interest on an average checking account was 5.14% and an average savings account was 5.5%. Money markets and CD’s went up to on the average about 8-9% depending of course on the term. Now you are lucky if you are getting about 1% interest on your savings. This decline started before all this terrorism stuff came to a head. Didn’t they see this was happening? Didn’t we? I guess I just think that better financial planning could have gone into this. It is like our government has bounced a million checks in the past week and they are scrambling to figure out where they are going to get the money from quickly. I just would like to think that our government had a better handle on their finances than this. It really just seems to me that they could have planned ahead and seen this coming. I guess with credit card companies charging exorbitant fees and banks charging equally exorbitant fees and interest rates, it seems to me that they would be doing well, but I guess not, which in essence means that the money that we think we have in the banks is really gone. I am sure in this financial whirlwind that we are in, if we all went to the banks and tried to get our money out, our government would be in quite a pickle. In any case, I really think that someone ought to be held accountable as this problem didn’t just happen over night, and it probably won’t be fixed over night either.
George W. Bush – Friend Or Foe?
Thinking about finances, brings to mind only one person and that person is George W. Bush. Even if you think he did right thing taking us into war, which was more of a business decision then an act to protect our country, you still have to look at the way he is running this country and ask yourself if he hasn’t created most of the economic problems we are currently facing. Sure he would tell you that it was the terrorists that are trying to us in, and in fact NEED to be stopped, but really what has this war accomplished? In essence, it has created US control of middle eastern oil supplies, which has exactly benefited us how? At least when the Iraqi’s were controlling the oil the price was more reasonable, now that we control it the price is going up and up. The more financial decisions and large corporate bail outs this man makes the more it is costing you and I. Maybe not today, but in the future. You can’t just stop companies and the stock market from crashing by printing up money with no backing to make the numbers look good. That is what is happening here, and in the long run with each move this man makes, dollars come shooting from our pockets. It is a little bit frightening to me that he is driving us further and further into a depression in this country and either doesn’t know it, or doesn’t care. It is my belief that it is the latter. In any case, as a whole, this country needs to put it’s foot down on this man hard. About two yeara ago there was some talk about impeachment, what ever happened to that thought. I know that we are only about 4 months away from a new president, but that still gives him a lot of time to do some major damage. Are we really going to wait for him to completely sink us, just waiting for the new president to step up and fix everything. Even if we pick the right guy, it will take a long time to undo the wrath of George W. We are voting for a human being not a miracle worker.