Hojin mun
Dr stevens
Intro to business
September 30 2008
Why do we need a bail out and who need it
If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”
~ Thomas Jefferson
This quote if perfect for what is going on today. And the big question of this week is do we really need a bail out Wall Street? And is it even going to work? And another question is will the home owners will be on a bail out too rather than just the corporations. Last week President Bush proposed 700 billion dollars bail out to save the Wall Street, a lot of people are mad and saying where is the money coming from. And everyone knows that it will come out from the tax payers, it will cost about $2000 per person to come up with the 700 billion dollars. So what is the solution is it really worth to bail out the corporations even though it will cost us $2000 per person.
From the everyday American people perspective we should be outraged at these companies. They should be outraged that government went to sleep at the wheel and allowed this to happen. We should be outraged that they are now going to hand the bill to the US tax payer. That is what your elected officials are about to do today. Hand you, your children, grandchildren, and beyond the bill for this mess. That’s what we are facing toda ...