The big question on Americans' mind is where did all of this money go? What do we have to show for ourselves? And what could possibly be next? Unfortunately, the answers are always unclear. The lines to cross are always a shade of grey- but that doesn't stop us from speculating.
It looks as if the rich are getting richer and the poor are getting poorer; and there isn't much we can do about it. The proposed Stimulus package was supposed to create three million jobs; however, our unemployment rates have gone from 7.2 to 9.7. Our country is in a major recession; "the deepest our country has faced in the last century," according to Richard B. McKenzie, economy professor at University of California at Irvine and published author. We are becoming less productive and extremely less hopeful.
But could that raise... from the porn industry? Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis recently requested that Congress allocate $5 billion for a bailout of the adult entertainmnent industry. Francis argues that "the US government should actively support the adult industry's survival and growth..." Honestly, I am not convinced that this is necessary, but If the government agrees to this, which they haven't as of yet, what is going to be next?
But it is agreed we ask the government to do something; we want their involvement in some aspects, but I'm not so sure the bailout was the right idea. We want results that we can see, we want our economy to get better, and we want our money going to programs we are going to benefit from. Have the bailouts done any of that?
That is a question I can actually answer: no, no, and no. There is a lot of work to do and time to spend for our country to rise up out of this recession; so maybe our government should start answering questions and showing results- they would leave the public a little less skeptical and a lot happier.
More:
Congressmen's Blog about Bailouts
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