December 9th, 2009
It was reported this morning by KTLA television news, Los Angeles Channel 5, that Treasury Secretary Geithner (and/or President Obama) has said that TARP economic stimulus/bail-out funds will remain available to financial institutions until October of 2010. It is interesting to note that while the banks are reluctant to loan monies to the people of the nation, essentially, the people of the nation will lend nearly any amount of money to the banks in the form of low interest loans / bail-out funds. Well, no doubt, the financial sectors of the nation need the money to pay the reported record levels of yearly bonuses to corporate officials for the prosperous year as a result of low interest loans they have been provided to date – while many of the nation’s people search for employment and attempt to keep a roof over their heads.
I would hereby put forth that maybe the stimulus funds would be best given directly to the people. I mean…, if the government were to give the monies directly to the consumers, most consumers would probably spend the money [locally or otherwise] and directly stimulate the economy – not horde the money like the banks. Is this difficult concept to understand? I, for one, am beginning to wonder where is the ‘change’ that the people voted for in the last election? Everything seems much like business as usual in Washington and Wall Street.
PS. Hopefully any upcoming change will not include any diminishment of the right to freedom of speech which would include the ability to question our government’s actions – as we all are aware that to question the debt could be unconstitutional per Amendment XIV, Section 4, of the U.S. Constitution.