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I'm shocked that the bank bailouts haven't been more successful in providing an atmosphere where consumers are confident and banks will give loans again. In a move nobody could really predict, it turns out that much of the money has just vanished, that the small entry-level sum of 350 billion dollars has become difficult to account for, and that banks have not really changed their highly-successful MO.
I'm not really sure what the cause of this is, because the attitude and culture of our financial institutions are particularly healthy and their spending habits are historically transparent and free of fraud. I'm sure that once they get into the next 350 billion, things will surely turn around, and I'm hoping that the Bush administration gets the permission to dispense that early. Everyone, we can't stop now, otherwise the starter funds will be a waste. We'll need to funnel that full amount in there as soon as possible, and possibly lobby for additional funds to be spent on the faltering financial complex.
I understand the hesitancy of banks to provide loans to the American public at this time, because the long-term prospects just arn't what we need at this time, but I'm hoping that the institutions will find it in their hearts to use some of this tax money they've received for the good of the public, even though I don't feel they've got any particular obligation to do so. After all, they've already poured so much money into financing the American political process over the years out of humble charity that they've surely paid their debt several times over. In addition, I realize that the initial 350 billion dollars is kind of a small sum. It's difficult to shore anything up with a number like that, and I understand that many government institutions would wither on the vine with that kind of marginal bailout. The education system, for example would scoff at the mention of 700 billion dollars, not to mention a paltry half-sum like 350. It's basically pocket change, but it's the number the government could spare without causing long-term financial issues for the nation at large. We can at least rest assured that this isn't something that's going to hurt us in the long run.
I'm not really sure what the cause of this is, because the attitude and culture of our financial institutions are particularly healthy and their spending habits are historically transparent and free of fraud. I'm sure that once they get into the next 350 billion, things will surely turn around, and I'm hoping that the Bush administration gets the permission to dispense that early. Everyone, we can't stop now, otherwise the starter funds will be a waste. We'll need to funnel that full amount in there as soon as possible, and possibly lobby for additional funds to be spent on the faltering financial complex.
I understand the hesitancy of banks to provide loans to the American public at this time, because the long-term prospects just arn't what we need at this time, but I'm hoping that the institutions will find it in their hearts to use some of this tax money they've received for the good of the public, even though I don't feel they've got any particular obligation to do so. After all, they've already poured so much money into financing the American political process over the years out of humble charity that they've surely paid their debt several times over. In addition, I realize that the initial 350 billion dollars is kind of a small sum. It's difficult to shore anything up with a number like that, and I understand that many government institutions would wither on the vine with that kind of marginal bailout. The education system, for example would scoff at the mention of 700 billion dollars, not to mention a paltry half-sum like 350. It's basically pocket change, but it's the number the government could spare without causing long-term financial issues for the nation at large. We can at least rest assured that this isn't something that's going to hurt us in the long run.
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