Jason Monastra

My life and thoughts out on the web

In an unprecedented move by the US Congress, the House today actually did not pass a bill that spent money to bail out a flawed system.  The cries of people have been heard the world over and the shock-waves of the financial markets are being felt overseas as international trading is down the world over.  However, when looking at the situation in full scope, is this all bad?  The US has been the beacon for free trade for recent memory, at least in my life, and should continue to be so.  With that comes the responsibility of not only allowing the great times to be great but also to not rush in and save the falling markets when they are correcting themselves.  I am certain this will be met with differnet views, but I think the restraint showed by Congress, albeit more arguing and partisan bickering, did produce a striking blow to the socialist economics starting to take root in our country.

Conservatives previous to the vote were screaming of the socialist agenda being developed.  While democrats in their need for fairness, provided much debate over the compensation packages delivered to the executives within the financial firms effected.  Actually, I see into both of the parties complaints and agree.  I cannot see how purchasing the bad debt instruments of a failed system and then turning that system loose to its over agenda again make any sense.  The chairman has a made a fatal flaw, thinking that the people and Congress (yes those are two different agendas) have unlimited acceptance of the wasteful business practices that have crippled this country over the last 8 yrs. 

I agreed with the Washington Post, describing the need for not the purchase of the bad securities but rather the stock of the companies allowing the tax payers to benefit if the sector recovers from the bailout plans.  To simply strap the tax payer with bad debt, allow no benefit if the plan works, and to reward those that cause these issues yet again.  Come on, I am not a genius but let us be serious.  When is enough really enough.  This administration and most of Washington is covered with the business of money.  Who has it, who wants, and how to make more of it.  That is fine, this is business.   But when a bad call is made, let the people that make the decisions take the hit.  Do not throw it on to the common man, then tax him more to fund it.  That is garbage.