The Reality of the Economic Crisis

The commonly referred to “Proposed Bailout of the United States Financial System” was enacted as the “Emergency Economic Stabilization Act of 2008" on October 3, 2008. President George W. Bush signed a bill authorizing, Treasury Secretary Henry M. Paul son, Jr., to spend up to US $700 billion to purchase distressed assets, to unclog the balance sheets of financial institutions that are making it more difficult for working families, small businesses and other companies to access credit, which is vital to a strong and stable economy. It concerns me to think that the dollar amount was not based on any particular data, just a really large number was chosen. My concerns are, will it be enough to bail us out of this economic crisis we are facing?
The Golden Parachute benefit bothers me, because even when the company does not perform well and the top boss gets the boot, the CEO’s of the company still walk away with millions of dollars in salaries, stock options, retirement benefits and perks. Innocent people have been victims of layoffs and foreclosures, while CEO’s of the companies who led them down the path of bankruptcy, were let go with golden parachutes. Injustice is everywhere is this country, and no matter how much the politician’s promise, promise, promise, they cannot fix all the problems we are facing today. Politicians tell us what we want to hear, but they are men, just like you and I. They can inspire and set the laws for man, they can say that they will get jobs that pay well and will not run out of resources, but look at the situation we are in now.Times are getting tough and it is a major concern for our future.